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 bullion fell slightly on Friday (21/2) but is still up more than 1% for the week, with trading marked by a sharp increase in holdings in bullion-backed exchange-traded funds. An eighth weekly gain would be the longest winning streak since 2020. Source: Newsmaker.id
Silver prices climbed toward $33 per ounce on Friday, hovering close to four-month highs as trade and geopolitical uncertainties drove demand for safe-haven metals. Earlier this week, US President Donald Trump announced plans to impose tariffs on imports of automobiles, semiconductors, and pharmaceuticals, while subsequently adding lumber and forest products, reigniting fears of a broader global trade war. Market anxiety also deepened following Trump's remarks calling Ukrainian President Volodymyr Zelenskiy a dictator amid ongoing peace talks with Russia to end the war in...
Gold prices fell on Friday (21/2) but were headed for an eighth straight weekly gain after hitting two consecutive record highs, as safe-haven demand remained strong amid concerns over U.S. President Donald Trump's tariff plans. Spot gold fell 0.4% to $2,926.54 an ounce by 0945 GMT. Bullion is up about 1.5% this week after rising to a record $2,954.69 on Thursday. U.S. gold futures fell 0.5% to $2,940.90. Source: Newsmaker.id
Silver (XAG/USD) prices remained under pressure after rising in the previous session during the Asian trading hours on Friday. Safe-haven metals such as Silver faced selling pressure as risk sentiment strengthened following US President Donald Trump's announcement of potential progress in trade negotiations with China. Trump's remarks helped ease market concerns over tariffs, and he expressed hope that Chinese President Xi Jinping might visit, while also discussing matters related to TikTok. Until this News Released the price of silver was at the level of $ 32,843 Source: Newsmaker.id
Gold prices are stable again in the positive area on Friday (21/2).Gold demand remains driven by uncertainty about global trade. The weak US dollar and falling US Treasury bond yields have made XAU/USD trade with a moderate increase of 0.23% approaching $2,941 at the time of writing. Source: ads@ Newsmaker.id