Hey there! If you’ve been keeping an eye on silver prices, you might’ve noticed they’re hovering around $38.80 during early European trading hours on Tuesday. That’s pretty close to the highest level we’ve seen in a decade, around $39.00. So, what’s keeping silver so strong? Let’s break it down in a way that’s easy to follow.
Trade Tensions
Gold Prices Drop as Trump-Xi Talks Ease Tensions, Silver Hits 13-Year High
Gold prices fell nearly 1% after Trump and Xi’s talks calmed trade tensions, while silver soared to a 13-year high above $35. Learn why gold and silver are moving and what’s next for precious metals.
Why Silver Prices Are Skyrocketing, Silver prices hit a 12-year high
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.
US-China Trade Talk: Impacts on Gold, Silver, and Commodities
Explore the latest US-China trade talk updates and their impact on gold prices, silver prices, and the commodity market. Stay informed on trade dynamics and market trends.
Gold prices fall amid hopes of US-China tariff talks
US-China tariff talks: The price of gold (XAU/USD) continued to drop during the first half of the European trading session and is now around $3,217, just above the lowest point in two weeks reached earlier today. Positive global market vibes, driven by reduced trade tensions between the US and China, along with a stronger US Dollar, have pushed investors away from gold, a safe-haven asset, for three days in a row.
Safe-haven gold clears $3,000 for the first time
Gold pierced through the psychological milestone of $3,000 an ounce on Friday for the first time, building on an historic rally as trade tensions and U.S. rate cut bets supercharge its appeal as a safe haven asset.
Gold Rises on Trade War Fears, Now Keep eyes on US PPI data
Gold rose on Thursday, supported by a weaker U.S. dollar and growing worries over U.S. President Donald Trump’s tariff plans, which could heighten global trade tensions, while investors eyed another set of inflation data.