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

Indonesia News Portal for Traders | Financial & Business Updates

27 December 2024 12:01  |

Silver Prices Rise Near $30.00 on Safe-Haven Demand

Silver (XAG/USD) prices extended its gains for the sixth straight day, trading around $29.90 during Asian hours on Friday. Silver prices could find upside support amid safe-haven demand as markets anticipate signals on the US economy under the incoming Trump administration and the Federal Reserve’s (Fed) interest rate outlook for 2025

Non-yielding silver gained traction as modest US PCE inflation data challenged expectations of limited Fed rate cuts next year, hinting at the possibility of more cuts. The safe-haven appeal was supported by rising geopolitical risks stemming from the ongoing Russia-Ukraine conflict and ongoing tensions in the Middle East.

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 Drops Near $31.00 Post US Data Release

Silver (XAG/USD) prices extended its decline for the second session, trading around $30.90 per troy ounce during Asian hours ...

13 December 2024 13:32
SILVER

Silver Prices Rise as Traders Await US Inflation Data

Silver prices rose above $31.10 an ounce on Monday (12/9), near a one-month high as investors awaited key US inflation data t...

9 December 2024 14:22
SILVER

Silver Prices Weaken to Three-Month Low Near $29.50

Silver (XAG/USD) prices extended their decline for the sixth straight session, trading around $29.50 per troy ounce during As...

19 December 2024 13:05
BIAS23.com NM23 Ai