Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has increased the demand for non-yielding assets like gold and silver. Additional support comes from industrial demand, particularly in China's renewable energy and solar panels, which continues to maintain high demand for silver. Furthermore, geopolitical tensions between Russia and NATO have strengthened investor interest in safe-haven assets. Fund flows into precious metal-based ETFs have also...
Silver prices fell to $40.80 per ounce on Thursday, opening the European session (September 4th) due to profit-taking after a sharp rally. The market remains optimistic as the Fed is almost 98% certain to cut interest rates this month.From the industrial perspective, demand for silver remains strong thanks to a surge in Chinese solar panel exports, making the metal attractive as both a safe haven asset and an industrial commodity.The silver price at the time of writing was up -0.76% to $40.892/Toz.DISCLAIMERNote: This article is for analytical purposes only and is not a definitive reference....
Silver prices rallied again in today's trading, hovering around US$41 per troy ounce. This level is approaching a 14-year high and is a major highlight in the commodities market. The rise in silver prices was driven by high demand for safe-haven assets. Investors are increasingly confident that the Federal Reserve (The Fed) will cut interest rates soon after a series of weakening US economic data. This monetary easing has triggered capital inflows into precious metals, including silver, which is considered a hedge against uncertainty. Source : Newsmaker.id
Oil prices fell sharply after news that OPEC+ would discuss increasing production, with WTI falling to $64.07 and Brent to $67.71. Concerns about a supply surplus are growing, especially coupled with weak US economic data.Analysts consider this move risky because it could quickly lead to market oversupply. Coupled with geopolitical tensions from Russia to Venezuela, the future direction of oil prices remains uncertain.Oil prices at the time of writing were at $67.62.DISCLAIMERNote: This article is analytical in nature and is not a definitive reference. Consider fundamental and technical...
Gold remains near its record high as expectations of a Fed interest rate cut and global uncertainty drive safe-haven demand.However, the market is becoming cautious due to overbought conditions. Friday's NFP data is expected to be key to gold's next direction: whether it will continue to rally or experience a correction.The gold price at the time of writing was $3,538/Toz.DISCLAIMERNote: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions. (ayu)Source: Newsmaker.id
Silver prices are currently down from a 14-year high touched earlier this week. Corrective pressure emerged after a prolonged rally fueled by expectations of a Federal Reserve interest rate cut and increased safe-haven demand amid global fiscal uncertainty. Investors are likely taking profits while awaiting clarity on the direction of US monetary policy, particularly regarding the potential for a rate cut at the upcoming meeting. Despite the correction, silver's medium-term outlook remains relatively strong. Rising geopolitical risks, global trade tensions, and surging industrial demand,...