Fundamental Outlook: Silver continues to rise and tries to hold above the 2-month highs of 24.0. Weak PMI data in the world economy supports the price increase of metals. Although the sudden production cut decision from OPEC+ supports the FED's decision to increase interest rates, recession pricing continues. Silver investors will get a clearer view of the FED's policy with the jobs data to be released this week.
Read More
Fundamental Outlook: Throughout this week, silver prices were close to reaching the $24 mark before experiencing a surge on Thursday. This rally was due to U.S. jobless claims being higher than expected, which indicated a cooling in the job market. As a result, inflation could potentially drop, leading to an increase in the value of silver.
Read More
Fundamental Outlook: Silver prices continued to decline for a second day, with the precious metal moving further away from the $23.50 mark. This was due to signs of steadiness in the banking industry, leading investors to reconsider their fears of an impending economic crisis.
Read More
Fundamental Outlook: Despite the decline in silver prices, investors still maintained their interest in the precious metal. In fact, many investors have been building their long positions on bullion prices in recent weeks due to concerns that the recent collapse of several US banks could have long-term effects on the economy. This suggests that gold remains a popular choice for investors seeking to hedge against potential economic risks.
Read More
Fundamental Outlook: On Monday, the price of silver dropped significantly, largely due to repeated assurances of stability in the banking sector. These reassurances helped alleviate fears of a more widespread financial crisis following the collapse of multiple banks earlier in the month.
Read More
Fundamental Outlook: Last week, the price of silver skyrocketed to over $23 due to concerns regarding the potential collapse of U.S. and European banks. As a result, silver has emerged as a more favorable safe-haven asset compared to the dollar this year.
Read More
Fundamental Outlook: The prices of silver were declining from significant gains in the prior session, as government intervention eased concerns about a potential crisis in the banking systems of the US and Europe. This led to a decline in demand for silver, which had previously surged to one-year highs due to its appeal as a safe-haven asset amidst market uncertainty.
Read More
Fundamental Outlook: Silver price remains firmer at the highest level since early February. Although the Fed insisted that it would fight for inflation, the signal that the intervention would increase through credit contraction was perceived positively for metals. Also, metals remain a safe haven for the banking crisis.
Read More
Fundamental Outlook: The prices of silver were recovering from significant losses in the prior session, as government intervention eased concerns about a potential crisis in the banking systems of the US and Europe. This led to a decline in demand for silver, which had previously surged to one-year highs due to its appeal as a safe-haven asset amidst market uncertainty.
Read MoreLOADING...