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...
Silver (XAG/USD) prices fell on Thursday (06/03) and eroded some of the weekly gains recorded over the past three days. The white metal is currently trading above the mid-$32.00s, down 0.35% for the day, although the near-term bias seems tilted towards bullish traders and supports prospects for further appreciating moves. Source: Newsmaker.id
Gold prices fell on Thursday as investors digested the latest developments surrounding tariffs and their impact on the U.S. economy and the Federal Reserve's decision. There was more movement on the tariff front on Wednesday, with President Donald Trump delaying new levies imposed on Mexico and Canada by automakers for a month. The move sent yields on Treasury bonds sliding to their lowest levels this year amid growing investor confidence that a trade-related slowdown in growth will prompt the Fed to cut interest rates several times in 2025. Lower borrowing costs and falling yields tend to...
Silver extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions. The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%. Source: Newsmaker.id
Gold held steady on Wednesday, staying close to a record, supported by a weaker U.S. dollar and safe-haven demand amid U.S. tariffs. Trump's 25% levies on Mexican and Canadian imports took effect Tuesday, along with a hike in Chinese tariffs to 20%, escalating trade tensions and prompting retaliation. However, U.S. Commerce Secretary Howard Lutnick suggested possible tariff relief for Canada and Mexico. Source: Newsmaker.id
Silver rose on Wednesday (05/03), boosted by a weaker dollar and safe-haven buying amid concerns over a shift in U.S. trade policy. Last week, U.S. President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect Tuesday, along with an additional 10% duty on shipments from China, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on U.S. imports. Source: Newsmaker.id