No change of the indicator value may reduce the volatility of the related markets.
No change of the indicator value may reduce the volatility of the related markets.
On Monday morning, precious metal prices challenged key resistance levels. Meanwhile, Heraeus analysts believe gold may have already run out of steam due to weakening investment demand for physical bullion.
Russia’s precious metals exports to China nearly doubled in the first half of the year, as record-high gold prices boosted revenues for Russian suppliers. China’s imports of precious metals and concentrates from Russia, including gold and silver, surged 80% year-on-year to $1 billion.
The Financial Times reports that US President Donald Trump may soon sign an executive order permitting alternative assets like cryptocurrencies and precious metals in 401(k) retirement plans, according to a White House statement.
An increase of the indicator value may contribute to the rise in quotes of Silver.
India's gold imports plunged 40% year-on-year in June to just 21 tons, their lowest level since April 2023, as domestic prices soared to unprecedented levels. Government and industry sources attributed the sharp decline to waning consumer demand amid record costs.
According to Citigroup Inc., silver prices will climb up in the coming months, surpassing $40 per ounce, driven by a tightening global supply and robust investment demand.
Despite reaching a resistance level of $39 per ounce, silver has the potential to rise to new peaks, according to Solomon Global analyst Nick Cowley. He predicts prices will go up to $40 per ounce before reaching the August–September 2011 highs of $43.35 and $44.24.
Gold prices have dipped slightly recently. However, a weaker US dollar could help push the yellow metal higher again. Meanwhile, silver prices are rising due to record demand for semiconductors, according to Heraeus analysts.
The price of silver keeps growing impressively, approaching a 14-year high. According to Macquarie analysts, the metal's value could peak by 2026.
Silver rose 1.4% during Asian trading after last week's 4% increase, which pushed the metal to a 14-year high. Investors worry that new US tariffs could tighten supply, Bloomberg reports.
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.