Demand for silver continues to rise sharply, driven primarily by the technology, electric vehicle, and solar power sectors—where silver is highly sought after due to its superior electrical conductivity. Meanwhile, silver supply remains limited because many mines only produce silver as a byproduct of copper, lead, or zinc—so even when prices rise, production does not immediately respond.Due to the combination of rising demand and slow supply growth, the silver market has recorded a structural deficit for several consecutive years. This provides a strong fundamental basis for the potential...
Silver prices continue their uptrend, as the weakening US Dollar (USD) led to a downgrade of the US government's credit rating last Friday.As of this writing, Silver prices are at $33,151 Source: Newsmaker.id
Gold was steady in early Asia, supported by lingering concerns about the U.S. fiscal deficit. Investors are reassessing the longer-term outlook for U.S. sovereign risk after Moody's Ratings downgraded the U.S. credit rating last week, Pepperstone's Quasar Elizundia said in an email. Safe-haven assets such as gold could see increased demand, the research strategist said. However, near-term upside for gold prices may be limited if ETF outflows continue, Elizundia said, noting that gold ETFs saw strong outflows of 30 tonnes last week. Spot gold was little changed at $3,298/oz. Source:...
Silver prices rose on Tuesday (5/20), as the metal regained traction after two consecutive days of losses. While seemingly range-bound, the rebound was supported by a weaker US Dollar (USD) and steady investor demand for the industrial metal, even as easing geopolitical tensions boosted broader investor confidence. Source: Newsmaker.id
Gold prices rose more than 1% on Tuesday (5/20) as the U.S. dollar weakened further, while the air continued over U.S. tariffs and the Russia-Ukraine ceasefire. Source: Newsmaker.id
Gold prices found some support above the $3,200 level and pared some of its modest intraday losses, although its upside potential appears limited. The US dollar (USD) fell to a near two-week low amid speculation that the Federal Reserve (Fed) will cut interest rates further in 2025, which turned out to be a key factor offering some support to the non-yielding yellow metal. Source: Newsmaker.id