Silver prices rose as risk sentiment improved in the market after signs emerged that the US government shutdown was nearing an end. These hopes pushed the US dollar slightly lower and increased interest in precious metals, including silver, which often benefit when political uncertainty eases. However, silver's gains were restrained by the prospect of the Fed's interest rates remaining high in the near term. Investors are now awaiting clarity on the direction of US monetary policy after economic data was delayed due to the shutdown. If the dollar strengthens again or bond yields rise,...
Silver recently hit US$50/oz—even briefly touching the US$51 range—driven by precious metals euphoria after gold broke through US$4,000 and expectations of a Fed rate cut pushed down real/dollar yields. Momentum from "following the gold rally," short covering, and speculative pressure at the psychological US$50 level contributed to the intraday rally. Behind this rapid surge, silver's fundamentals are indeed tight: the market is projected to be in deficit again in 2025, while industrial demand (especially solar panels/electronics) continues to rise; the Indian festival season is also...
Gold prices hovered around $3,980/oz on Friday, heading for an eighth consecutive weekly gain after hitting a record earlier in the week. The main driving force came from economic uncertainty and expectations that the Fed would cut interest rates again. New York Fed President John Williams said he was open to further cuts, although rising inflation could complicate the decision—in line with the FOMC minutes, which saw increasing risks to the labor market but remained wary of stubborn inflation. Meanwhile, the US government shutdown, which entered its second week, delayed the...
Silver prices continue to strengthen, driven by a strong combination of rising industrial demand and a weakening US dollar. This increase is also in line with optimism about the global green energy transition, which is increasing silver consumption in the solar panel, electric vehicle, and semiconductor sectors. Furthermore, the Fed's dovish stance, which hinted at potential interest rate cuts, has weakened dollar yields, making precious metals like silver and gold more attractive to investors. Fund flows into silver-based ETFs have also increased significantly, reinforcing signals that the...
Gold fell slightly at the start of the Asian session, catching its breath after breaking a new record high above a key psychological level. Several technical indicators pointed to overbought conditions after consecutive rallies, prompting profit-taking and pushing prices back toward their highs. Its safe-haven appeal eased slightly after signs of progress toward a peace agreement in the Middle East, although global concerns remain significant. Throughout the year, gold's trend remained supported by central bank buying and concerns about US monetary and fiscal policy. The US dollar remained...
December Brent rose 0.8% to $65.96, and November WTI rose 0.9% to $62.27. The API reported a -1.8 million barrel drop in product inventories at Cushing, while national crude inventories are expected to rise but remain near seasonal lows—enough to provide a price floor.In terms of global supply, OPEC+ continues to increase production, and US production is reaching a record; Ukrainian drone attacks on Russian infrastructure are boosting crude oil exports. The risk of oversupply remains, but the market is awaiting evidence of increasing inventories; as long as stocks are limited, the price bias...