Category: Economy & Finance

In the world of precious metals, silver often takes a backseat to gold but today, the so-called ‘Devil’s metal’ is hogging the limelight. Silver prices have broken out of a bullish correctional trend line today, reflecting a speculative fervor in the market. This significant move is largely attributed to an increased risk appetite among traders…

Gold Price Soars to New Heights, Triggered by Chinese InsurersnGold prices have reached new record highs as Chinese insurers diversify their portfolios, gravitating towards gold as a safe haven amidst fluctuating global economic trends. London silver, on the other hand, is reportedly getting ‘tight’, indicating a possible imbalance between demand and supply.nnStrategic moves on the…

In an era marked by economic uncertainty, gold has always been considered a safe bet. Recently, the precious metal has exhibited a significant surge in its value, a trend witnessed concurrently with instability in global financial markets. Gold’s intrinsic worth, unlike paper money and digital currencies, does not depreciate over time. Instead, it has historically…

Despite rising hopes for economic recovery and the subsequent increase in risk appetite, silver prices remain anchored below the $33.00 psychological level. This resistance level continues to elude XAG/USD investors, resulting in sustained losses. In line with the strengthening stock market and increased stability, a flight to safety assets such as silver has diminished. This…

Global markets kicked off the day by tracking the silver market today. According to the latest statistics, there’s an incline in the forecast for silver prices hitting a new altitude. Resilient demand mixed with a constrained supply has led to this revolutionizing breakthrough in the silver market. Expert opinions suggest this trend will continue, making…

As of Fri, Nov 15, 2024, the market is eagerly monitoring the price performance of silver on a global scale. Based on current forecasts and economic indicators, expert predictions point towards a potential increase in silver prices. The climb is primarily attributed to the expected rise in demand for silver in various industries, including electronics,…

The gold market has experienced significant fluctuations in recent years, with the month of November marking a notable decrease in the price of this precious metal. In the first half of the month, the gold price has dropped by approximately 1.2%. A variety of factors drive this movement, including economic instability, geopolitical tensions, and changes…