- The price of silver rises to nearly $ 29.85 in the Asian session on Wednesday.
- The uncertainty in Trump’s tariff and global recession are enhanced by safe flows, which supports silver price.
- The FOMC meeting minutes will take the lead position later on Wednesday.
The silver price (Xag/USD) regains some lost land to about $ 29.85 during Asian trading hours on Wednesday. Analysts believe that the last correction can be a preparation for strong apostasy amid high trade tensions and recession fears. Merchants are preparing for FOMC minutes, which are scheduled to be later on Wednesday.
US President Donald Trump late on Tuesday said he was not thinking about stopping his plan to impose additional comprehensive fees on dozens of countries despite contacting commercial partners who seek to avoid fees. However, it hinted that it could be open to some negotiations.
Trump’s comments came after his senior officials sent signals about the administration’s willingness to interact with commercial partners, with a 10 % tariff and targeting the customs tariff for revenge import scheduled on Wednesday. This uncertainty has motivated the fluctuations of the global market and enhances the demand for safe term, which supports the price of silver.
In addition, industrial demand, especially from new industries such as EVS and Solar Energy, provides some support for white minerals. It is also expected gains in the consumer electronics market, as artificial intelligence systems will continue to enhance product offers.
Merchants will monitor FOMC meeting on Wednesday. This report can give an insight into the Federal Reserve position on monetary policy. Any noisy notes from federal reserve officials can raise Greenback and weigh the price of commodity commodities denominated in US dollars in the short term.
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.
Merchants will monitor FOMC meeting on Wednesday. This report can give an insight into the Federal Reserve position on monetary policy. Any noisy notes from federal reserve officials can raise Greenback and weigh the price of commodity commodities denominated in US dollars in the short term.
