Fed, Gold and the futures
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Spot silver (XAGUSD:CUR) rose 1.7% to $52.37 on Wednesday, set for a third session of gains amid reports that Chinese stockpiles sank to the lowest in a decade and Fed rate cut optimism. Inventories in warehouses linked to the Shanghai Futures Exchange recently hit the lowest level since 2015,
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Dow Jones Futures: Robinhood Merry As Stocks Rally Into Thanksgiving; ASML Leads 5 New Buys
Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. U.S. stock markets will be closed Thursday for the Thanksgiving holiday.The stock market rally had another solid broad advance.
The global silver market faces a fresh risk after Chinese stockpiles sank to the lowest in a decade, with a huge volume recently shipped to London to ease a squeeze that drove prices to a record.
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Silver steadies at Rs 1.55 lakh as rate-cut hopes fade; ETFs continue to outperform physical metal
On MCX, December gold futures inched up by Rs 160, or 0.13%, to Rs 1,22,751 per 10 grams on Wednesday. Silver futures moved in tandem, rising Rs 700, or 0.45%, to Rs 1,55,344 per kilogram.
Gold and silver prices swung sharply this week on MCX as a stronger dollar and firm US jobs data pressured global bullion. Gold held within a broad range while silver slipped after mid-week highs, keeping volatility elevated.
Silver prices took the biggest hit among precious metals, dropping by 7.7% after touching their highest intraday levels on record next week, with the silver-backed iShares Silver Trust on track to post its largest one-day percentage decline since February ...
Silver's futures curve just did something we haven't seen in over forty years: it flipped into deep backwardation. The front-month contract is trading about $2.88 higher than the later ones, marking the steepest inversion since 1980. That might sound like ...
Gold and silver prices experienced significant fluctuations in both domestic and international markets as investors responded to shifts in the US economic outlook and currency movements.
Silver prices fluctuate between $46 and $54 as investment demand and industrial use drive volatility, experts explain.