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...
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
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