Silver prices hit a 12-year high of $35.60 per ounce due to weak US economic data and expectations of a Federal Reserve rate cut. Learn why silver is surging and what’s driving market trends.
Silver Market
Silver Reaches Its Highest Price in 12 Years
Silver is shining brighter than ever! The price of silver just hit $34.87 per troy ounce, the highest it’s been in 12 years. This exciting news has caught the attention of investors and people curious about precious metals. Let’s break down what’s happening and why silver is making such a big splash.
MCX Silver Prices Soar Past 98,500: What’s Next?
Discover why MCX silver prices are surging past 98,500 on MCX and $33.50 in the spot market. Get insights into the exciting future targets for silver in this easy-to-read post!
Gold and Silver Prices Drop: What You Need to Know Today
Discover why gold and silver prices are falling today, including key market trends, expert advice, and price levels to watch. Stay informed about MCX Gold and Silver rates in simple terms.
Silver Market Longer-Term Bullish Bias Maintained | Neal Bhai
Silver Market Longer-Term Bullish: “Silver saw complete rejection from the 200-day ma and sold off aggressively towards the long-term pivotal support at $21.87/17. It is considered to be a major band of support. Given that the market has spiked down to this area and recovered we will for now maintain our longer-term bullish bias.”
MCX Silver Intraday Trading Zone ₹39400—₹39900, MCX Silver Daily Rang
Gold Silver Reports (GSR) – US initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 218,000 for the week ended June 16, compared with the expected 220,000. Claims have now declined for four weeks in a row, pointing to a further tightening of the labour market.
Gold Slightly Up After Big Downdraft Last Friday
Gold Silver Reports (GSR) — Gold Slightly Up After Big Downdraft Last Friday – Gold prices are slightly higher in early-afternoon U.S. trading Monday. The market saw a tepid corrective and short-covering bounce after sharp losses suffered on Friday that saw the yellow metal hit a six-month low. There was also some risk aversion in the marketplace today that might also be giving gold some mild support. August Comex gold futures were last up $2.00 an ounce at $1,280.40. July Comex silver was last down $0.025 at $16.45 an ounce.