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...
Gold bullion traded above $2,660 an ounce after Ukraine said Russia had launched an intercontinental ballistic missile at the central Ukrainian city of Dnipro. The attack appeared to be the first reported use of an ICBM, designed to hit targets thousands of kilometers away, since the start of the invasion. Rising geopolitical tensions tend to benefit the precious metal. Source: newsmaker.id
Silver (XAG/USD) prices retraced the continent's recent decline from the previous session, trading around $31.00 during Asian trading hours on Thursday (11/21). The precious metal's price increase was driven by safe-haven inflows amid rising tensions in the Russia-Ukraine war. Source: newsmaker.id
Silver prices eased to around $31 per ounce on Wednesday as concerns over the escalating Russia-Ukraine conflict began to subside. On Tuesday, silver briefly rose above $31.50 after Russia lowered its threshold for a potential nuclear strike. However, market fears eased after Russian Foreign Minister Sergei Lavrov stated that the country would "do everything possible" to avoid nuclear war, and the US indicated it saw no reason to adjust its nuclear policy. until this news was released the price of silver was at the level of $ 30.931 Buy if the minimum price moves at the level of $30,731 -...
Gold (XAU/USD) recovers after a weak start to trade above $2,640s during the US session on Wednesday as geopolitical tensions in the Ukraine theatre of war ratchet up and drive fresh safe-haven flows into the precious metal. Gold had a weak start due mostly to the effect of a stronger US Dollar (USD), and since Gold is mainly priced and traded in USD, this automatically has the effect of lowering its price, all other things being equal. Source: newsmaker.id
Silver Prices Move Down In Europe Silver prices fell to $30 an ounce on Wednesday (11/20) as the escalating Russia-Ukraine conflict eased. On Tuesday, silver briefly rose above $31.50 after Russia lowered its threshold for a potential nuclear attack. However, market concerns eased after Russian Foreign Minister Sergei Lavrov said the country would "do everything possible" to avoid nuclear war, and the US indicated it saw no reason to adjust its nuclear policy. Note: This article is only an analysis and is not a definitive reference. Always pay attention to the fundamental and technical...