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

Indonesia News Portal for Traders | Financial & Business Updates

22 January 2025 13:07  |

Silver Approaches 6-Week High

Silver climbed toward $31 per ounce on Wednesday, approaching its highest levels in six weeks, as US President Donald Trump’s tariff threats fueled demand for safe-haven assets.

On Tuesday, Trump indicated that he was considering a 10% tariff on Chinese imports starting February 1, just one day after threatening Mexico and Canada with tariffs of approximately 25%. However, with no action taken yet, there are hopes that the administration may adopt a more cautious stance on tariffs.

Silver also remains supported by expectations of further interest rate cuts by the Federal Reserve this year, which could weaken the dollar and boost demand for commodities. Additionally, ongoing supply concerns, particularly in London vaults, and strong industrial demand, especially from manufacturing, continue to strengthen the bullish outlook for silver.

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 Drops Near $29.60 Despite Geopolitical Tensions

Silver (XAG/USD) prices fell near $29.60 in thin trading after the Christmas and Boxing Day holidays on Friday (12/27). The w...

27 December 2024 17:37
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 holds above $30.00 on safe-haven demand

Silver (XAG/USD) prices continued its upward momentum, rising for the sixth straight day to trade near $30.10 per troy ounce,...

9 January 2025 13:09
BIAS23.com NM23 Ai