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...
Gold prices fell on Friday (5/16) heading for a weekly decline of more than 3%, as easing global trade tensions weakened its appeal as a safe haven asset. The U.S. and China recently agreed to temporarily reduce tariffs for 90 days, easing concerns about the long-term impact of their trade conflict. Geopolitical risks also appeared to ease, with the India-Pakistan ceasefire remaining stable. Source: Newsmaker.id
Silver (XAG/USD) prices extended their decline for the second straight session, trading around $31.90 per troy ounce during Asian hours on Thursday (5/15). Technical analysis of the daily chart suggests a weakening bullish outlook, as the precious metal has fallen below an ascending channel pattern. The decline follows productive US-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a period of 90 days—a significant step towards de-escalation. Source: Newsmaker.id
Gold futures fell as safe-haven demand waned, and investors approached the main US position. Gold futures fell 1.3% to $3,167.42 per troy ounce, the lowest level since April 10.The appeal of the precious metal was hit by the US-China deal on Monday when the two countries agreed to significantly reduce tariffs, which triggered risk-on sentiment in the market. Meanwhile, market players are currently still waiting for several important data to be released tonight, and the speech of the Fed chairman regarding the prospects for US monetary policy going forward. Until this news was released, the...
Silver (XAG/USD) prices extended their decline for the second straight session, trading below $31.90 per troy ounce during Asian hours on Thursday (5/15). The decline follows productive US-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a period of 90 days—a significant step towards de-escalation. While this has eased market fears of a prolonged trade war, uncertainty remains over what will happen after the agreement is concluded, with further negotiations expected in the coming weeks. Reducing...
Silver prices fell as market players await Federal Reserve (Fed) Chairman Jerome Powell's speech on Thursday on the interest rate outlook after weak inflation data and the US-China trade truceUntil this news was released, Silver prices were at $ 32,215 Source: Newsmaker.id