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

Indonesia News Portal for Traders | Financial & Business Updates

29 November 2024 13:43  |

Silver Rises on Safe-Haven Demand

Silver prices climbed back above $30.6 per ounce on Friday, rebounding from 11-week lows as growing geopolitical risks spurred safe-haven demand for the precious metal.

Russian President Vladimir Putin warned about a possible nuclear-capable ballistic missile strikes on Ukraine, following a series of large-scale Russian attacks on key Ukrainian energy infrastructure.

In the Middle East, tensions flared as Israel and Hezbollah exchanged accusations over violations of a ceasefire agreement that went into effect on Wednesday.

Additionally, silver prices received support from a weaker dollar and lower Treasury yields, driven by expectations that the US Federal Reserve will continue cutting interest rates. Concerns over US President-elect Donald Trump’s proposed tariffs on China, Mexico, and Canada also eased, with traders awaiting more details on the plans.

Source: Trading Economics

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 Analysis as Election Uncertainty Looms

The US election is scheduled for November 5, generating significant market uncertainty. This uncertainty supports silver (XAG...

25 October 2024 09:12
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
BIAS23.com NM23 Ai