- The price of silver rises as the demand for sure refuge is strengthened in the midst of the growing tensions in the Middle East.
- The United Nations are reducing their staff in Gaza after Israeli air attacks that have resulted in hundreds of civilian casualties.
- Russian state media Ria Novosti reports that the US and Russia are ready to issue a joint statement on Tuesday.
The price of silver (XAG/USD) pauses its four -day loss streak, quoting around $ 33.10 per Troy ounce during the hours of the Asian market on Tuesday. The rebound is driven by an increase in the demand for secure refuge in the midst of the growing geopolitical tensions.
The United Nations (UN) announced on Monday that they are reducing their international staff in Gaza in approximately one third after Israeli air attacks that have killed hundreds of civilians, including UN personnel. After a high two -month fire that brought calm relative to the 18 -month war, Israel resumed its large -scale air and terrestrial campaign against Hamas last Tuesday.
Palestinian health officials report almost 700 deaths since then, with the total of casualties in Gaza exceeding 50,000, almost a third of which were children, according to Reuters.
Meanwhile, the Russian state media Ria Novosti report that a joint statement of the US and Russia is expected on Tuesday, after the conversations between their delegations in Riyadh that concluded on Monday. The discussions covered, as reported, efforts to negotiate a high -fire in the Black Sea, among other issues.
However, La Plata faced winds against a US dollar (USD) strengthened, driven by robust economic data of US and cautious comments of federal reserve officials (Fed). The Global S&P Services PMI shot at 54.3 in March, a maximum of three months, from 51.0 in February and exceeding market expectations of 50.8. The services sector bounced strongly after reaching a minimum of 15 months in February, while the compound PMI rose to 53.5, marking its strongest growth since December 2024.
The president of the Fed of Atlanta, Raphael Bostic, highlighted the persistent economic uncertainty, warning that progress in inflation can be slower than anticipated above. Bostic dropped down his expectations of feature cuts by 2025, citing current price pressures and trade -related risks.
FAQS SILVER
Silver is a highly negotiated precious metal among investors. Historically, it has been used as a value shelter and an exchange means. Although it is less popular than gold, operators can resort to silver to diversify their investment portfolio, for their intrinsic value or as a possible coverage during periods of high inflation. Investors can buy physical silver, in coins or bullion, or negotiate it through vehicles such as the funds quoted in the stock market, which follow their price in international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can cause the price of silver to shoot due to its safe refuge status, although to a lesser extent than that of gold. As an asset without performance, silver tends to climb with lower interest rates. Its movements also depend on how the US dollar (USD) behaves, since the asset is quoted in dollars (XAG/USD). A strong dollar tends to maintain the price of silver at bay, while a weaker dollar probably drives rising prices. Other factors such as investment demand, mining – silver supply is much more abundant than gold – and recycling rates can also affect prices.
Silver is widely used in the industry, particularly in sectors such as electronics or solar energy, since it has one of the highest electrical conductivities of all metals, surpassing copper and gold. An increase in demand can increase prices, while a decrease tends to reduce them. The dynamics in US economies, China and India can also contribute to price fluctuations: for the US and particularly China, its large industrial sectors use silver in several processes; In India, the demand for consumers for precious metal for jewelry also plays a key role in pricing.
Silver prices tend to follow gold movements. When gold prices go up, silver typically follows the same path, since their status as shelter is similar. The gold/silver ratio, which shows the number of ounces of silver necessary to match the value of an ounce of gold, can help determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that silver is undervalued, or that gold is overvalued. On the contrary, a low ratio could suggest that gold is undervalued in relation to silver.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
