Silver prices are currently trading above $74.49 per ounce in the US session on Friday (December 26th), extending a remarkable rally that began several months ago, fueled by geopolitical tensions and a weakening US dollar. This surge was fueled by continued speculation, supply dislocations in major trading centers, and a large influx of funds into silver-backed ETFs. Rising demand, from both the investment and industrial sectors, has made silver a leading choice amidst the global economy.Silver is also supported by fundamental factors such as rising geopolitical tensions and concerns about...
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
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