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 prices rose above $31 an ounce on Thursday, extending gains for a second session as commodities bounced back after Trump's reversal of his tit-for-tat tariff policy. Trump lowered new tariffs on imports from most U.S. trading partners to 10% for 90 days to allow for trade negotiations. However, major Chinese consumers remain subject to steep 125% tariffs amid ongoing tit-for-tat escalations between Washington and Beijing—maintaining a level of geopolitical and economic uncertainty that continues to support safe-haven demand. Source: Newsmaker.id
Gold prices rose more than 2% on Thursday (10/4) during the European session, extending the previous session's sharp rise, as a weaker dollar and an escalating trade war between the US and China prompted investors to turn to the precious metal as a safe haven asset. Part of the dollar pressure was the result of falling US Treasury yields in Asian and European trade. The dollar weakened even as a sharp sell-off in Treasuries caused yields to rise. Meanwhile, US President Donald Trump said yesterday that he would temporarily lower large import duties on dozens of countries, but raised...
Silver (XAG/USD) prices continued to rise for the second straight day, trading near $31.10 per troy ounce during the Asian session on Thursday. The grey metal surged nearly 4% in the previous session, boosted by renewed safe-haven demand amid escalating US-China trade tensions.As of this writing, Silver is trading at $31,054 Source: Newsmaker.id
Silver (XAG/USD) prices rose nearly 2% on Wednesday (4/9). The white metal strengthened as the US dollar (USD) fell amid concerns that the escalating trade war between Washington and Beijing could tip the US economy into recession. Financial market participants are concerned that President Donald Trump's imposition of a 104% tariff on Chinese imports for pouring drugs into the US and his retaliatory tariffs will limit purchases of Chinese goods by US companies. Source: Newsmaker.id
Gold rose on Wednesday (4/9) and was set for its best day since March 2023, supported by a weaker dollar and safe-haven inflows amid escalating US-China trade tensions after Beijing announced more levies on US goods. Investors worried that tariffs will stoke inflation and hamper economic growth dumped stocks, industrial commodities and sought refuge in gold. Source: Newsmaker.id