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...
Silver is holding up amidst declines in other commodities, Economic dynamics in the US, China and India can also contribute to price changes. For the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining silver pricesAs of this writing, silver is at $32,592 Source: Newsmaker.id
Silver (XAG/USD) prices continued to decline to trade around $32.20 per troy ounce during European trading hours on Monday (5/12). The precious metal received support from news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at around $2.1 billion, according to Reuters. Source: Newsmaker.id
Gold prices continued to decline in early European session on Monday (12/5), pressured by the strengthening US Dollar. This was accompanied by optimism in US-China trade talks in Geneva, Switzerland, over the weekend that dragged the precious metal lower. The US and China ended high-stakes trade talks on a positive note on Sunday, with US officials touting a "deal" to reduce the US trade deficit, while Chinese officials said they had reached a "significant consensus".Source: Newsmaker.id(ads)
Silver prices extended their gains for a third session on Monday (5/12). The precious metal was supported by news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values the company at about $2.1 billion, according to Reuters. Meanwhile, geopolitical tensions continued to provide support for silver. India warned Pakistan of potential retaliation for recent ceasefire violations, a claim denied by the Pakistani military. Source: Newsmaker.id
Gold (XAU/USD) prices fell in early Asia on Monday (5/12), pressured by a stronger US Dollar. Meanwhile, optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower. The US and China reported "substantial progress" after two days of talks in Switzerland aimed at de-escalating a trade war. China's Vice Premier He Lifeng described trade talks with US officials as "an important first step" in stabilising bilateral trade relations. Additionally, US Treasury Secretary Scott Bessent said the two sides made "substantial progress. Nonetheless,...