Commodity prices are anticipated to experience a modest decline in 2024 and 2025, yet they should stay above pre-pandemic levels. Energy prices are projected to decrease by 3% in 2024 due to lower natural gas and coal prices outweighing higher oil prices, with an additional 4% drop expected in 2025. Agricultural prices are also set […]
As economic data disappoints, investor uncertainty is causing market volatility.On Thursday, the Commerce Department released its estimate of first-quarter Gross Domestic Product, revealing a growth rate of 1.6%—significantly below the 2.3% consensus forecast. Stock prices declined in response to the news, but gold and silver markets recovered slightly from earlier-week lows.The recent dip in metals […]
Gold prices remained stable on Friday, poised to record their initial weekly decline in four weeks, as investors adjusted their outlook for a U.S. interest rate reduction following data indicating rising inflationary pressures throughout the week. Spot gold remained relatively unchanged at $2,159.99 per ounce as of 2:42 p.m. EDT (1842 GMT). This marks a […]
The gold-silver ratio is skewed, indicating silver’s undervaluation compared to gold, despite silver being rarer than commonly perceived. Geological Insights: Silver and Gold Geological estimates suggest there are approximately 19 ounces of silver for every ounce of gold in the earth’s crust. Historically, this ratio drops to around 11.2 ounces of silver per ounce of […]
Participants in the commodity market will closely examine the Federal Reserve’s policy guidance in the upcoming week. Investors are on edge as the Federal Open Market Committee (FOMC) and the Bank of England (BoE) prepare for their upcoming meetings. The fluctuating risk sentiments stem from the latest US economic data and China’s plans to boost […]
Silver Price may reverse at $20 level SILVER Price Analysis – 05 October Silver’s price might fall and test the $19 and $18 support levels if sellers can hold the $21 price level and the $20 support level is breached. If buyers applied more pressure, the $21 level would be shattered. A price break higher […]
Sellers’ pressure increases on the silver market SILVER Price Analysis – 03 August Silver price may rise and test the $26 and $27 resistance levels if buyers are able to hold the $24 price level and the $25 resistance level is breached. If sellers apply more pressure, a violation of the $24 level would result […]
Buyers lose steam on the silver market SILVER Price Analysis – 27 July Should buyers are able to hold the $24 price level and the $25 resistance level is broken, Silver may increase and test the $26 and $27 resistance levels. The $23 and $22 price support levels may be tested if sellers exert greater […]
There are more purchasers on the silver market SILVER Price Analysis – 13 July In case buyers are able to hold the $22 price level and the $23 resistance level is broken, Silver might increase and test the $24 and $25 resistance levels. The $22 level might be breached lower if sellers exert more pressure, […]
