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 (XAG/USD) is trading lower after Moody's or Financial Survey Institution downgraded the US credit rating one notch from Aaa to Aa1 citing soaring debt levels and rising interest payments. This follows similar downgrades by Fitch Ratings in 2023 and Standard & Poor's in 2011.As of this writing, Silver is trading at $32,181 Source: Newsmaker.id
Gold weakened at the start of the Asian session on Tuesday (20/5). Currently, the price of Gold fell slightly as demand for safe assets from Moody's downgrade for the US faded, and attention returned to easing trade tensions between the two largest economies. The precious metal strengthened at the start of the year as President Donald Trump's aggressive trade policies rattled global markets, but its gains have reversed in May as he stopped or withdrew many of his tariff threats. However, gold is still up more than a fifth this year, and is unlikely to experience a sharp decline due to the...
Silver (XAG/USD) traded slightly higher on Monday (5/19) as broader US dollar weakness fueled demand for alternative safe haven assets. The move came in response to Moody's downgrade of the US sovereign credit rating, which has added to market concerns over fiscal sustainability and long-term growth prospects. Source: Newsmaker.id
Gold rose on Monday (5/19) as the dollar slumped after Moody's Ratings removed the US's last top credit rating due to ballooning debt and deficits. Moody's blamed successive administrations and Congress for a ballooning budget deficit that it said showed no signs of abating. And there are concerns the situation could get worse, with Republican lawmakers discussing President Donald Trump's tax and spending package. Source: Newsmaker.id
Silver prices rose on Monday (5/19) in early European trading. Silver was marketed at $32.53 per troy ounce, up 0.75% from $32.29 on Friday. Meanwhile, the dollar weakened and a credit rating agency Moody's has lowered the US credit rating one notch - from Aaa to Aa1 - citing rising debt levels and a growing burden of interest payments. The price of silver when this news was released was at $32,526/Toz. Source: Newsmaker.id