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...
Gold prices fell on Thursday as investors took a breather following the Federal Reserve's (Fed) latest monetary policy decision and escalating hostilities in the Middle East. XAU/USD was trading at $3,042, down more than 0.19%. Market sentiment turned negative, while the greenback showed a recovery as depicted by the US Dollar Index (DXY), which tracks a basket of six currencies against the greenback. Source: Newsmaker.id
Silver (XAG/USD) prices fell during the European session on Thursday (3/20). The non-interest-bearing metal faced pressure after the Federal Reserve (Fed) interest rate decision. As widely expected, the Fed kept the federal funds rate at 4.25%–4.5% during its March meeting but reiterated its outlook for two rate cuts later this year. Source: Newsmaker.id
Gold prices stabilized again in European trading on Thursday (3/20)Gold stabilized after hitting a record high earlier in the session on slower US growth projections and higher inflation this year from the Federal Reserve, which kept interest rates unchanged. Source: Newsmaker.id
As widely expected, the Fed kept the federal funds rate at 4.25%–4.5% during its March meeting but reiterated its outlook for two rate cuts later this year. Silver, a non-yielding asset, may have found support as U.S. Treasury yields declined, with the 2-year yield at 3.97% and the 10-year yield at 4.24%. Silver prices are trading in the $33 area heading into the European session on Thursday (3/20). Source: Newsmaker.id
Silver (XAG/USD) prices fell after hitting a five-month high of $34.23 on Tuesday (3/19), trading around $33.70 per troy ounce during European trading hours on Wednesday. The decline came as silver investors took a breather ahead of the Federal Reserve's (Fed) interest rate decision later in the day. Traders will likely be watching the Fed's latest economic projections for insight into the future trajectory of US interest rates. Higher interest rates tend to weigh on demand for non-yielding assets such as Silver, limiting its upside potential. Source: Newsmaker.id