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 plunged for the second day in three on Wednesday, mainly driven by improved risk appetite following positive trade news related to the United States (US). This, along with a bearish technical chart pattern, pushed the yellow metal below the $3,200 mark for the first time since April 11.As of this writing, Gold prices are at $3,175 Source: Newsmaker.id
Silver prices fell below $33 an ounce on Wednesday (5/14), promising a rise from the previous session as easing global trade tensions reduced demand for safe-haven assets. The decline follows productive U.S.-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a 90-day period—a significant step toward de-escalation. Source: Newsmaker.id
Gold moved in the $3230 area during the European trading session on Wednesday (5/14), several supporting factors are now easing, one of which is from the geopolitical side and the US-China trade war. This continues to weigh on its appeal as a safe haven asset. The precious metal remains about a fifth higher this year, after hitting a record high above $3,500 an ounce last month as trade tensions escalate. Investors worry that the confrontation could trigger a slowdown in growth or recession, as well as faster inflation. Until this news was released, the price of gold was at the level of $...
Silver (XAG/USD) extended its decline during the Asian session on Wednesday (5/14) sparking some extended selling. The white metal dropped to a fresh intraday low, although the mixed technical setup warrants caution before positioning for deeper losses. Source: Newsmaker.id
Gold fell on Wednesday, giving back gains from the previous session, as easing trade tensions between the U.S. and China continued to weigh on its safe-haven appeal. Additionally, bullion found some support after the annual U.S. inflation rate eased to 2.3% in April—the lowest since February 2021 and below market expectations of 2.4%. The report supported the non-yielding metal, as it gave the Federal Reserve more latitude to continue with potential interest rate cuts. Source: Newsmaker.id