Silver opened at 43,958 at the start of the Asian session, holding near its highest level in over 14 years. Market sentiment remains positive after the Fed cut interest rates last week, which has increased the demand for non-yielding assets like gold and silver. Additional support comes from industrial demand, particularly in China's renewable energy and solar panels, which continues to maintain high demand for silver. Furthermore, geopolitical tensions between Russia and NATO have strengthened investor interest in safe-haven assets. Fund flows into precious metal-based ETFs have also...
Despite tight short-term supplies, there are concerns that global oil production will increase, including from non-OPEC producers. This expectation has shifted sentiment toward bearishness, particularly for long-term contracts. Brent has recently been trading at a slight discount to the Dubai Crude price for Asian markets. This is rare and reflects abundant Brent supply for Asia, prompting Asian buyers to shift to the typically cheaper Dubai Crude. Source : Newsmaker.id
Silver prices (XAG/USD) strengthened in European trading (August 26th), rebounding from the previous session's decline. This strengthening was largely driven by political uncertainty in the US, following President Donald Trump's dismissal of Federal Reserve Governor Lisa Cook. This move sparked concerns about the Fed's independence and the direction of monetary policy, prompting investors to seek safe-haven assets like silver. Beyond political factors, industrial demand for silver remains solid, particularly from the renewable energy sector. Recent data shows that Chinese solar cell exports...
Oil prices reversed after a four-day rally as the market sought certainty about supply. Investors were also monitoring the impact of US President Donald Trump's decision to remove Fed Chair Lisa Cook, which sparked concerns about the central bank's independence and dampened risk appetite. Fundamentally, oil prices remain within a narrow range. OPEC+ has increased production in recent months (including around 547,000 bpd for September), while the IEA warned of the risk of a surplus heading into 2026 despite supply disruptions caused by Ukraine's attack on Russian energy infrastructure. The...
Silver prices showed some strength this morning, as market participants shifted their attention to the precious metal as a safe-haven asset following the dismissal of Federal Reserve Chair Lisa Cook. This action has undermined investor confidence in the independence of the US central bank and weakened the dollar. Demand for safe-haven assets such as gold and the yen has increased, driving the dollar index lower and increasing expectations of faster interest rate cuts. Due to the weakening dollar, silver has again found support from investors seeking a safe haven. Source: Newsmaker.id
Gold prices have the potential to gain support this morning following news of US President Donald Trump's removal of Federal Reserve Governor Lisa Cook. This action raises uncertainty regarding the direction of the Fed's monetary policy, as Trump's move is seen as an attempt to expand his influence over the central bank. Political uncertainty and the risk of intervention in the Fed's independence typically drive investors to seek safe-haven assets, including gold, to cushion price declines or even drive gains in early trading. Furthermore, market expectations for a Fed interest rate cut...