Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
The Silver price (XAG/USD) edges lower to around $36 during the Asian trading hours on Wednesday, pressured by a modest rebound in the US Dollar (USD). Traders will take more cues from the release of the US ADP Employment Change report for June, which is due later on Wednesday. The Greenback receives support from a better-than-expected increase in labor market demand. This, in turn, exerts some selling pressure on the USD-denominated commodity price, as a firmer USD makes Silver more expensive for foreign buyers. Additionally, rising demand for industrial uses might contribute to silver's...
Silver prices are at $36,118 per ounce, reflecting a consolidation phase after a strong rally that took it to a record 13 years ago. Fundamentally, the weakening US Dollar and expectations of an interest rate cut by the Fed provide support for demand for safe-haven assets such as silver. In addition, strong industrial demand, especially from the renewable energy and electronics sectors, which account for more than 50% of global consumption, also support prices. Source: Newsmaker.id
Gold strengthened to $3,340 in the European session (01/07) driven by the weakening US Dollar as the market became more confident that the Fed would cut interest rates. US fiscal concerns also pushed the USD to its lowest level since 2022, supporting gold's appeal as a safe asset. Uncertainty ahead of Trump's July 9 tariff policy also boosted demand for safe havens. However, risk-on sentiment and the release of US NFP data this week made the market tend to wait and see. In general, fundamentals still favor strengthening gold. Source: ayu-Newsmaker.id
The metal is under moderate pressure as broader market sentiment favors risk. US equities are holding onto recent gains near record highs. Rising risk appetite continues to weigh on demand for traditional safe-haven assets, capping Silver's upside. Source: Newsmaker.id
Gold prices got a little boost from expectations of a US interest rate cut at the opening on Tuesday (1/7). The market expects three interest rate cuts in the US during the second half of this year, which could support non-yielding assets such as gold. On the gold side, it is also still getting resistance thanks to a combination of a weakening US dollar and global uncertainty that is still raging, especially in the Middle East between Israel and Iran.