• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

18 October 2024 12:36  |

Silver Price Forecast: XAG/USD holds position near $32.00 due to safe-have flows

Silver prices gained on safe-haven inflows amid rising geopolitical tensions in the Middle East. Risk aversion was boosted by the killing of Hamas militant leader Yahya Sinwar. Demand for non-yielding silver increased on the likelihood of a rate cut by major central banks.

Silver (XAG/USD) prices extended their gains for the fourth straight day, hovering around $32.00 a troy ounce during the Asian trading session on Friday. The grey metal gained support from safe-haven inflows amid rising tensions in the Middle East.

The Israeli military and Shin Bet security service confirmed on Thursday that Yahya Sinwar, the head of the Palestinian Islamist group Hamas in the Gaza Strip, was killed by Israeli forces during an operation in southern Gaza on Wednesday. Sinwar’s death has raised concerns among families of Israeli hostages taken to Gaza by Hamas, who fear that the killing of the militant leader could increase the risk to their loved ones, according to Reuters.

Source: FXStreet

Related News

SILVER

Silver (XAG) Daily Forecast: Strong Indian Demand and Dutie...

Silver prices rise above $31.00, fueled by robust Indian festive demand and a significant reduction in import duties from 15%...

24 September 2024 16:20
SILVER

Silver climbed toward $31

Silver climbed toward $31, hitting a two-month high amid rising expectations that the Federal Reserve will opt for a more agg...

17 September 2024 15:29
SILVER

Silver Climbs Ahead of Expected Rate Cuts

Silver climbed toward $29 per ounce, extending recent gains in the lead up to expected interest rate cuts from major central ...

12 September 2024 13:43
SILVER

Silver Gains as Dollar Weakens

Silver rose toward $29 per ounce, hovering near a one-week high as the dollar retreated on weak US labor market data which pr...

6 September 2024 13:11
BIAS23.com NM23 Ai