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 moved above the $2900 area during the European session on Tuesday (11/3).This was supported by the effect of the headline from the leaders of the German Green coalition, who said this morning they had given the green light to a defense spending deal. That boosted confidence in the Euro (EUR) and triggered a new decline in the US Dollar Index (DXY), which opened the door for Bullion to surge. Source: Newsmaker.id
Silver prices (XAG/USD) surged sharply in the European session on Tuesday (11/3). The white metal strengthened as the US Dollar (USD) faced a sharp sell-off, with investors being cautious about the outlook for the United States (US) economy due to President Donald Trump's tariff agenda. The US Dollar Index (DXY), which tracks the value of the Greenback against a basket of six major currencies, fell near 103.35, the lowest level seen in four months. A lower US Dollar makes precious metals, such as Silver, more attractive to investors. Source: Newsmaker.id
Gold (XAU/USD) struggled to capitalize on its modest intraday uptick from a one-week low and remained below the $2,900 level through the Asian session on Tuesday (11/03). Uncertainties surrounding US President Donald Trump's trade policies and its impact on the global economy continued to weigh on investor sentiment. This, in turn, helped the safe-haven bullion to attract some intraday dip buyers near the $2,880 region. Source: Newsmaker.id
Silver prices were little changed on Monday (3/10) after a strong weekly gain of 4.4%, as trade tensions continued to dominate the news and investors awaited U.S. inflation data for insight into the Federal Reserve's next policy move. Market uncertainty deepened after President Donald Trump warned that Canada could soon face retaliatory tariffs on dairy products and lumber. This comes after the U.S. delayed 25% tariffs on a range of Canadian and Mexican goods for a month, while Canada's retaliatory measures remain in place and China's tariffs on certain U.S. agricultural products take...
Gold prices tended to fall at the start of the European trading session, Monday (10/3), and are still stuck in the familiar range of $2897 to $2900 which has persisted for the past week or more. However, the decline remained under control amid concerns about global trade conflicts, which continue to provide support for gold bullion which is a safe haven asset. Source: Newsmaker.id