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...
Prices opened little changed at the start of the Asian session. The white metal had previously experienced a fairly strong increase along with the weakening of US treasury yields, increasing interest in haven assets. Geopolitical risks in the Middle East and Europe also boosted silver. Meanwhile, the US Dollar Outlook and bond yields are expected to remain strong as the Federal Reserve (Fed) is expected to provide fewer interest rate cuts this year as officials are optimistic about the economic path.
Gold opened with gains after closing at its highest level in two weeks yesterday, driven by safe haven buying. The boost also came from geopolitical factors, where on Wednesday yesterday Israel again attacked the Gaza outskirts. Russia also launched another drone attack on Kyiv on Wednesday morning, causing damage in at least two districts. Traders are waiting for next week's US jobs data, the ADP employment report, the Fed's December FOMC meeting minutes, and the US employment report to gauge the outlook for interest rates for 2025.
Silver prices strengthened at the beginning of this year and remained positive for the start of the Asian session trading on Friday (3/1), driven by the cessation of the US bond yield rally after experiencing a surge of more than 10% in the last four weeks. Meanwhile, the US Dollar Index (DXY) is still trading sideways approaching its highest level in more than two years. In addition, the outlook for the US Dollar and bond yields is expected to remain strong because the Federal Reserve (Fed) is expected to provide only a small interest rate cut this year because officials are optimistic...
Gold hit a two-week high on Thursday, boosted by safe-haven buying and a decline in U.S. Treasury yields, as markets positioned for the prospect of looming Federal Reserve interest rates and President-elect Donald Trump's trade tariffs.Bullion thrives in a low-interest environment and acts as a hedge against economic and geopolitical risks.Russia launched a drone strike in Kyiv early Wednesday, causing damage in at least two districts, while the Israeli military struck the outskirts of Gaza City.Until this news was released, Gold was at $ 2,660 Source: Newsmaker.id
Silver (XAG/USD) prices started 2025 on a strong note. The white metal gained nearly 1.50% in the European session on Thursday (02/01) and rose to near $29.40. The asset gained as the rally in US bond yields stalled after surging more than 10% in the past four weeksThe 10-year US Treasury yield dipped to near 4.55%. Lower yields on interest-bearing assets suggest a lower opportunity cost for non-yielding assets, such as Silver, which increases its appeal.Meanwhile, the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, traded sideways near a more than...