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 rose above $31.20 an ounce on Friday (11/4), marking its third straight session of gains, as broad-based US dollar weakness and renewed economic concerns fueled demand for alternative assets. The metal also benefited from rising inflows into safe-haven assets, with the dollar losing some of its appeal as a traditional safe haven. Despite the 90-day tariff suspension, investors remain uneasy about President Trump's trade policies and their potential to tip the US economy into recession. Source: Newsmaker.id
Gold continued to record new highs, moving above the $3,200 level for the first time on Friday (11/4), driven by a weakening US dollar and economic concerns due to the escalating trade war. Despite the 90-day tariff suspension, investors remain concerned about President Trump's trade policies and their potential to drag the US economy into recession. Meanwhile, the price of gold when this news was released rose 1.7% to the level of $3229/ toz. Source: Newsmaker.id
Silver prices extended gains for a second session as commodities bounced back after Trump's reversal of his reciprocal tariff policy that lowered new tariffs on imports from most US trading partners to 10% for 90 days to allow for trade negotiations. However, major consumer China remains subject to a steep 125% tariff amid continued tit-for-tat escalation between Washington and Beijing.As of this writing, silver is trading at $31,240 Source: Newsmaker.id
Gold rose to a new record high on Friday (11/4) as concerns about the impact of tariffs on the global economy continued to drive investors to seek safety in the precious metal even after U.S. inflation data eased. Bullion edged up in early Asian trading on Friday (11/4) to above $3,204 an ounce. That surpassed the previous record set in the previous session, when it closed more than 3% higher for a second straight day. Source: Newsmaker.id -ads
Silver prices fell below $31 an ounce on Thursday (4/10), after extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policies. Meanwhile, minutes from the latest FOMC meeting revealed that most officials expressed concerns about the risk of stagflation. They also flagged the potential consequences of Trump's trade policies on the Fed's dual mandate of price stability and maximum employment. Source: Newsmaker.id