The post Silver price today: falls on July 8 appeared on BitcoinEthereumNews.com.
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $58.56 per troy ounce, down 2.34% from the $59.97 it cost on Tuesday. Silver prices have decreased by 17.61% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 58.56 1 Gram 1.88 The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 69.27 on Wednesday, up from 68.47 on Tuesday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which tra
The post Gold: Rallies face headwinds from Oil and rates – OCBC appeared on BitcoinEthereumNews.com.
OCBC Bank’s Sim Moh Siong and Christopher Wong explain that the precious-metals complex has come under renewed pressure following the recent spike in Oil prices. Gold is down nearly 2% and Silver more than 4% week-to-date, as geopolitics work mainly through the Oil, inflation and rates channel. Near term, rallies in Gold and Silver may struggle unless Oil stabilises or Federal Reserve/rates concerns ease. Non-yielding metals pressured by macro “The precious-metals complex has come under renewed pressure, following the recent spike in oil prices.” “While geopolitics would normally offer some support for gold, the latest move has worked more through the oil, inflation and rates channel.” “That has weighed on non-yielding assets, with gold down nearly 2% week-to-date and silver falling more than 4%.” “Silver’s underperformance is not surprising given its higher-beta profile. Near term, unl
The post Silver climbs above $60.00 despite US–Iran tensions, Fed minutes in focus appeared on BitcoinEthereumNews.com.
Silver price (XAG/USD) attracts some buyers to near $60.35, snapping the two-day losing streak during the early European session on Wednesday. The white metal edges higher amid a softer US Dollar (USD) ahead of the release of the June FOMC meeting Minutes. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. “US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday. The latest developments could raise energy-driven inflationary fears and reaffirm the US Federal Reserve’s (Fed) “higher for longer” policy stance, which would weigh on the white metal. T
The post Best Platforms to Trade Tokenized Commodities appeared on BitcoinEthereumNews.com.
Tokenized commodities are blockchain-based tokens that represent exposure, ownership rights, or legal claims tied directly to physical real-world assets (RWAs) such as gold and silver. With these tokens, traders can easily access traditional commodity markets, unlocking new investment opportunities. Choosing the best platform to trade tokenized commodities is the biggest decision to make. However, deciding what is “best” or “right” depends on your goals, whether that is active trading, self-custody, institutional access, or DeFi utility. You also need to prioritize factors like regulated custody, legal jurisdiction, backing quality, liquidity depth, and smart contract risks more than short-term price movements when deciding where to buy tokenized gold and other tokenized precious metals. Quick Comparison of the Top Platforms to Trade Tokenized Commodities Note: We ranked exchanges differently fr
The post XAG/USD Forecast: Holds bearish flag support near mid-$59.00s appeared on BitcoinEthereumNews.com.
Silver (XAG/USD) trades with a negative bias for the third straight day and hovers around the $59.80 region during the Asian session on Wednesday. The white metal, however, defends a support marked by the lower boundary of a short-term descending channel, around mid-$59.00s or the weekly low, touched on Tuesday. Looking at the broader picture, the downward-sloping channel constitutes the formation of a bearish flag against the backdrop of the recent decline. Moreover, the recent repeated failures near the 100-period Simple Moving Average (SMA) on the 4-hour chart suggest that the path of least resistance for the XAG/USD pair is to the downside. Adding to this, the latest Moving Average Convergence Divergence (MACD) reading at -0.33 and a Relative Strength Index (RSI) around 44.16 hint at the risk of further downside within the range. However, a convincing break below the channel
The post Silver Price Forecast: XAG remains bearish as ‘evening star’ forms appeared on BitcoinEthereumNews.com.
Silver (XAG/USD) price tumbles nearly 3% on Tuesday as market mood turns dismal due to heightened tensions in the Middle East, following Iranian attacks on two vessels in the Strait of Hormuz. At the time of writing, XAG/USD trades at $60.26, after peaking at around $62.16. XAG/USD Price Forecast: Technical outlook Silver remains downward-biased as long as it fails to clear a downward resistance trendline in the $64.00-$65.00 range, which could open the door to further upside. Nevertheless, bulls are not out of the woods, as another key resistance level remains to be cleared, with the $70.00 psychological level up next, ahead of the crucial 200-day Simple Moving Average (SMA) at $70.13. If these key levels are broken, Silver could rally towards the 50- and 100-day SMAs, each at $70.79 and at $74.64. On the flip side, it’s worth noting that an ‘evening star’ formed, which op
The post Silver falls below $61 as markets await FOMC minutes appeared on BitcoinEthereumNews.com.
Silver (XAG/USD) extends its decline for a second consecutive day on Tuesday, trading around $60.70 at the time of writing, down 2.21% on the day. The precious metal is giving back part of last week’s gains as investors adopt a cautious stance ahead of the release of the Federal Reserve (Fed) meeting minutes. Higher US Treasury yields continue to reduce the appeal of non-yielding assets, while the US Dollar (USD) remains broadly supported by expectations that the Fed will maintain a restrictive monetary policy. According to the CME FedWatch tool, markets largely expect the Fed to leave interest rates unchanged at its upcoming meeting, and expectations for a rate hike later this year have eased slightly following the latest US labor market data. Recent US employment indicators continue to point to a gradual slowdown in the labor market. Job growth has recently fallen short of expectations,
Market optimism grows as delayed rate hikes suggest potential for sustained asset growth, but underlying risks and uncertainties remain.
The post Bitcoin, gold, and silver rise as markets bet on delayed Fed rate hikes appeared first on Crypto Briefing.
Gold and silver posted their strongest weekly performance in more than a month after a disappointing U.S. jobs report forced traders to rethink Federal Reserve policy. Gold prices climbed from lows near $4,012 per ounce on June 30 to close around $4,175 by July 3, a gain of roughly 2.1%. It marked the metal’s first […]
