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 fell slightly in early European trading on Wednesday (03/19), correcting slightly lower to near $3,030 at the time of writing. After climbing higher and hitting a new all-time high of $3,045 earlier in the day. The positive move came after headlines emerged that authorities had detained Istanbul Mayor Ekrem Imamoglu, a major political rival of President Tayyip Erdogan, on charges including corruption and aiding a terrorist group. Source: Newsmaker.id
Silver prices rose to $34 on Tuesday in European trading.Continuing its upward momentum for the fourth straight day. This is supported by increasing concerns over the impact of further tariffs from US President Donald Trump. This has triggered efforts to send silver to the US in an attempt to get a premium price in New York, which may cause pressure in London. Source: Newsmaker.id
Gold rose above the $3,000 level on Tuesday (03/18), hitting a new record high as demand for safe-haven assets strengthened ahead of the US Federal Reserve's interest rate decision. With the Fed expected to leave interest rates unchanged, investors will focus on the central bank's latest economic projections and Chairman Jerome Powell's press conference for signals on future policy direction, especially amid trade and tariff concerns. Geopolitical tensions are also contributing to market uncertainty. Source: Newsmaker.id
Gold prices rose above $2,998 per ounce after Retail Sales data was released. This is supported by increasingly heated Geopolitical factors, Trump Tariffs and weak US Retail Sales data results, which can lift the movement of Gold prices up. New geopolitical risks boosted gold bullion prices after the US said it would continue its attacks on Yemen's Houthis until they stop attacks on shipping in the Red Sea. Source: Newsmaker.id
Silver prices fell after continuing their upward momentum for the fourth straight day, during European trading hours on Monday. However, the white metal's downside potential appears limited due to economic uncertainty over the impact of the global trade war and a weakening Greenback. Source: Newsmaker.id