- Silver prices rise to the highest level of 13 years, with white minerals testing $ 36.00.
- The demand for silver as an increase in artificial minerals despite the most softened demand for safe havens.
- The percentage of gold/silver, which represents the dialect of the risk, falls.
Silver (Xag/USD) is witnessing another day of positive gains, which prompted prices to $ 36.00, which is its highest level since February 2012, providing a strong barrier to resistance.
Silver benefits from both its safe attractiveness in times of economic uncertainty and unique characteristics, which makes it one of the most desirable industrial minerals.
Both characteristics have paid high rates of silver, which publishes 9 % weekly gains at the time of writing this report on Friday.
Silver Industrial Call shines, raising prices to the highest level 13 years
Earlier in the week, silver prices have benefited from escalating trade tensions between the United States of China and the weakest US dollar, prompting demand for precious metals. However, the feelings of the market turned on Thursday after a positive invitation between US President Trump and Chinese President Xi Jinping, which resulted in the resumption of trade talks between the two countries. The shift in feelings reduced the Safever’s Safever’s charm, but has increased his request as an industrial metal.
In addition to improving the geopolitical tone, retail sales data in the eurozone (GDP) came in the first quarter, helping to raise confidence in European economic expectations. Meanwhile, the best employment figures have strengthened the expected in the United States and Canada optimism about the prospects for North America’s growth.
Meanwhile, the Canadian Prime Minister’s Office (PMO) confirmed that Prime Minister Mark Carney had discussions with Chinese Prime Minister Lee Qiang aimed at strengthening bilateral relations and expanding trade cooperation.
With Friday developments, which led to a decrease in gold prices and the rise in silver prices, FXSTREET data shows the percentage of gold/silver at 92431, a decrease of 1.67 % during the day, which represents the risk tone that supports the industrial demand for silver.
Common silver questions
Silver is very precious metals circulating among investors. It has been used historically as a value of value and amid exchange. Although it is less popular than gold, merchants may turn to silver to diversify their investment portfolio, compared to its fundamental value or as a possible hedge during high inflation periods. Investors can buy physical silver, in coins or in bars, or circulate through vehicles such as the boxes circulating in Excination, which follow their price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can make the price of silver escalating due to its safe position, although it is less than gold. As an inappropriate origin, silver tends to rise with low interest rates. Its movements also depend on how the US dollar (USD) is spent as the origin is priced in dollars (XAG/USD). The strong dollar tends to maintain the price of silver in the Gulf, while the dollar is likely to pay the weakest prices. Other factors such as demand for investment and mining offer – silver is much more abundant than gold – recycling rates can also affect prices.
Silver is widely used in the industry, especially in sectors such as electronics or solar energy, as it contains one of the highest electrical conductivity for all minerals – more than copper and gold. High demand in demand can increase prices, while the decline tends to reduce them. The dynamics in the United States and Chinese and Indian economies can contribute to price fluctuations: for the United States, especially China, its large industrial sectors use silver in various operations; In India, consumer demand for the precious jewelry also plays a major role in setting prices.
Silver prices tend to follow gold movements. When gold prices rise, silver usually follows its example, as its position as the similar safe origins. The percentage of gold/silver, which shows the number of ounces of silver needed to equal the value of one ounce of gold, to determine the relative evaluation between both minerals. Some investors may consider a high percentage as an indication that silver is dense with less than its value, or that gold is exaggerated. On the contrary, the low percentage may indicate that gold is less valuable for silver.
