A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
According to Josh Phair, CEO of the Scottsdale Mint (USA), Donald Trump's new duties on imported products, regardless of their size, will have a pronounced negative impact on the market for both silver and gold.
On Thursday, silver prices dropped below $32 per ounce, erasing the previous session's gains. Easing global trade tensions reduced demand for safe-haven assets. This pullback followed productive US-China negotiations over the weekend.
Argentina has made a major breakthrough in its mining sector with the discovery of a deposit containing an estimated 80 million ounces of gold and silver, along with 12 million tons of copper. According to Earth.com, the country is poised to become a major player in the global metals market.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
A decrease of the indicator value may contribute to the fall in quotes of Silver.
No change of the indicator value may reduce the volatility of the related markets.
This year, the increase in gold prices has been outpacing that of silver. However, Florian Grummes, managing director of Midas Touch Consulting, believes the white metal's rally could begin as early as this summer.
Goldman Sachs predicts that gold will continue to outperform silver due to strong central bank demand for bullion. Consequently, the investment bank does not anticipate silver catching up with the ongoing increase in gold prices.
According to the latest Reuters survey, analysts are for the first time predicting an average annual gold price above $3,000. In just three months, the median forecast for this year has surged from $2,756 to $3,065.
Silver is not just a precious metal, but also an important asset in the financial sector.
Silver is more than jewelry, it is an essential part of the global economy. Staying up-to-date on the latest silver news allows investors and traders to have a better understanding of how prices are changing so they can use this information to guide their investments and financial decisions.