• Sun, Mar 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--
 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

6 August 2025 04:47  |

Silver Prices Strengthen on Safe Haven Appeal and Industrial Demand

The global silver market showed moderate gains on Tuesday. Silver closed at US$37.83 per troy ounce, up about 1% after holding below the US$37.50 resistance level. Prices were being tested by market speculation about a potential Fed interest rate cut following the latest weak US jobs data, which weakened the dollar and boosted the precious metal's appeal.

This increase was driven by continued strong demand from the industrial sector—particularly electronics, renewable energy, and high-tech applications—while global supply continues to show a deficit.

On a year-over-year basis, silver prices in 2025 have strengthened by more than 30% compared to the start of the year, marking a bullish trend supported by the imbalance between industrial demand and limited supply.

Source: Newsmaker.id

 

Related News

SILVER

After Slipping, Silver Regains Light at $36

Silver (XAG/USD) prices pared intraday losses, trading around $36.10 per troy ounce during Asian hours on Tuesday (06/24). Pr...

24 June 2025 10:24
SILVER

Conflict Escalates, But Silver Weakens Why?

Silver (XAG/USD) prices moved down to around $36.20 during Asian trading hours on Monday. The recovery in the greenback weigh...

16 June 2025 11:14
SILVER

Dollar Drops to Fresh Low of Year as Tariff Saga Continues

The dollar fell for a fifth day as traders shrugged off a suspension of certain electronics tariffs and after President Donal...

14 April 2025 12:14
SILVER

Markets in an uproar! Silver Rises Sharply, Physical Stocks...

Silver prices continue to surge and are now trading near their highest level in 14 years. This increase is driven by investor...

14 July 2025 15:11
BIAS23.com NM23 Ai