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Outlook 2023: Will strong demand outlook lead to a rally in silver?
BySirhcSource: The Economic Times | Markets | By Pawan Nahar Synopsis: Silver, other than being a precious metal, has more usage in the industrial sectors and thus, industrial demand also guides its movement. Furthermore, gold also holds influence over silver prices. Silver witnessed a roller-coaster ride in 2022, thanks to increased volatility in the bullion…
Fed’s Second 42-Day Repo Oversubscribed As Rising Repo Rate Confirms Year End Liquidity Rush
BySirhcZeroHedge by Tyler DurdenMon, 12/02/2019 – 08:33 One week after the Fed’s first 42-day term repo which for the first time allowed dealers to lock in funding into the new year and which was 2x oversubscribed, confirming a growing scramble for year-end funding, traders were keenly looking ahead to the result from today’s second 42-day repo…
Gold appealing to younger family office investors amid market volatility
BySirhcSource: CRAIN CURRENCY | Marcus Baram Jun 15, 2023 KRISTINA RUOTOLO For centuries, gold has retained an allure as a safe-haven asset, especially during times of turbulence and market volatility. Family offices and ultra-high-net-worth investors — using gold as part of their asset diversification strategy — have recently helped boost its price, which has increased…
Silver Consumption in Global Automotive Sector to Approach 90 Million Ounces By 2025; Should Challenge Silver Usage in Photovoltaic Industry
BySirhcWith modern cars using more silver than ever in theiradvanced technology components, the worldwideautomotive sector could need nearly 90 million ounces(Moz) annually of the metal by 2025, according to arecently-published report by the Silver Institute.In four years, silver consumption in the automotivesector should rival that of the photovoltaic industry,forecast to reach 98 Moz in 2025,…
Argentina Considers Dollarization
BySirhcCommentary: You know when your country has implemented terrible monetary policy when your fellow citizens consider the U.S. Dollar a safe haven… Could this be a pre-cursor to the United States currency? The publication Central Banking reported on April 27 that Argentina was importing its bank notes from several countries. On May 22 The Guardian newspaper reported Argentina’s newest…
Silver Price Analysis: XAG/USD set to refresh yearly low, $25.00 tests the bears
BySirhcSilver prices remain heavy near late January lows, currently down 0.23% around $25.30, during Friday’s Asian session. The white metal dropped the fresh bottom in multiple days after breaking an ascending trend line from November 30 the previous day. The bearish bias also gains support from the metal’s failure to recover from recent lows while…