Silver

Focusing on silver investments/collecting

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    Gold up, Silver steady

    ByVictoria
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    Spot gold was up 0.3% at $3,336.33 an ounce, as of 1224 GMT, after falling to a low of $3,301.54 earlier in the session. U.S. gold futures were up 0.1% at $3,357.20.

    “Gold found some floor amid dip-buying, though the uptick lacked bullish conviction. Fiscal concerns and Fed rate cut bets are the catalyst for a recovery in the prices,” said Jigar Trivedi, senior commodity analyst at Reliance Securities.

    Spot silver was steady at $36.72 per ounce, hovering near a more than 13-year high. Platinum eased 0.1% to $1,218.85, after hitting its highest level since May 2021. Palladium lost 1.4% to $1,059.02.

    Source – Reuters

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    Gold, Silver, and Platinum up

    ByVictoria
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    Gold prices rose on Monday, supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session to scale a four-year peak.

    Spot gold rose 0.4% to $3,323.71 an ounce, as of 0806 GMT, after dropping earlier in the session to $3,293.29, its lowest level since June 2.

    Spot platinum rose 3% to $1,210.80, its highest level since May 2021.

    Spot silver was up 1% to $36.3 per ounce, while palladium rose 2.3% to $1,070.97.

    Source – Reuters

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    Silver futures high 6/5/2025

    ByVictoria
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    Silver futures rose as high as $36.27 per troy ounce on Thursday, notching the highest price for the metal since early 2012. Silver futures were last up more than 3% on the day $35.82 per troy ounce.

    Silver has been a high performing asset in 2025 and is now up more than 20% year to date. That is still lagging the move in gold, however, which has jumped about 28%.

    Source – CNBC

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    Can Silver break $35?

    ByVictoria
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    The silver market continues to see a lot of noisy trading, after initially gapping higher, and then dropping. Since then, we have seen a massive number of buyers. Silver is a market that continues to see a lot of volatility.

    Ultimately, this is a market where if we can break above the $35 level cleanly, then I think we will go back to the highs and then eventually go much higher than that.

    Source – FX EMPIRE / Tech analysis

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    Silver lower, trading at $34.29

    ByVictoria
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    Silver prices edged lower Tuesday, giving back some of Monday’s strong gains that saw the market break through key resistance at $33.70. The retreat reflects profit-taking as traders reassess short-term positioning, with rising attention on the U.S. dollar and gold’s technical posture.

    At 12:34 GMT, XAGUSD is trading $34.29, down $0.46 or -1.34%.

    Source – FX EMPIRE

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    Gold and Silver fell 1%

    ByVictoria
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    Gold fell over 1% on Tuesday after hitting a near four-week high, pressured by a firmer dollar as investors grew cautious ahead of a potential call between U.S. President Donald Trump and Chinese leader Xi Jinping.

    Spot gold fell 1.1% to $3,340.79 an ounce as of 10:21 a.m. ET (1421 GMT), after hitting its highest since May 8, earlier in the session.

    “We are moving into this period that is well known to be the summer doldrums, so there’s an expectation that the gold market could fall into a bit of a lull or a sideways consolidation,” said David Meger, director of metals trading at High Ridge Futures.

    “I believe the Fed is ready to begin to cut rates again, but more than likely not until September…that is another factor likely to weigh on the dollar and support gold,” Meger added.

    Spot silver fell 1.2% to $34.37 an ounce

    Platinum lost 0.4% to $1,059.32, while palladium was up 1.4% at $1,003.10.

    Source – Reuters

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    Silver trading at $34.31 an ounce

    ByVictoria
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    Silver prices marched past the $34-an-ounce mark on Monday as market sentiment soured over the weekend in the wake of renewed US-China trade tensions.

    Spot silver traded as high as $34.31 per ounce during the session, for a gain of more than 4%. Comex silver futures also rose 4.5% to $34.51 an ounce.

    Source – Mining.com

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    Gold up 2%, Silver up 4.1%

    ByVictoria
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    Gold rose more than 2% on Monday to its highest in over three weeks, as a weakening dollar and a combination of geopolitical risks and economic uncertainty fuelled investor demand for safe-haven assets.

    Spot gold was up 2.7% at $3,377.29 an ounce, as of 10:19 a.m ET (1419 GMT), after hitting its highest level since May 8 earlier in the session.

    “The latest tariff threats on Friday, including plans to double steel and aluminium tariffs to 50% along with Ukraine’s weekend attacks deep into Russia, have heightened geopolitical risks and are fuelling risk-off sentiment,” said Peter Grant, vice president and senior metals strategist at Zanier Metals.

    “For the gold forecast, this backdrop of risk aversion and fiscal uncertainty couldn’t be more favourable.”

    Spot silver rose 4.1% to $34.31 an ounce, platinum was up 0.3% at $1,059.55 and palladium rose 1.2% to $982.40.

    Source – Reuters

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    Gold and Silver to be legal tender in Florida

    ByVictoria
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    Gov. Ron DeSantis signed a bill on Tuesday that would recognize gold and silver as legal tender in the state, paving a path for Floridians to use the commodities in payment transactions.

    The bill, HB 999, starts the process of allowing government or private entities, such as businesses, to voluntarily accept gold and silver as a form of debt payment. The bill also outlines sales tax exemptions on the purchase of the precious metals if they meet the purity requirements or if the sale of the gold or silver exceeds $500.

    HB 999 is set to go into effect on July 1, 2026, if the Florida Legislature ratifies the rules to implement the bill before then.

    “Florida stands firmly for freedom, economic self-determination, and resistance to government overreach,” the governor said. “But for too long, outdated regulations and unnecessary sales taxes have made it impractical for Floridians to enter the gold and silver market.”

    Source – Business Insider

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    Silver jewelry demand increasing

    ByVictoria
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    Industrial silver demand set a record last year, but despite the increase in offtake, overall silver offtake declined by 3 percent to 1.16 billion ounces, primarily due to weak investment demand.

    Silver jewelry demand grew by 3 percent to 208.7 million ounces in 2024.

    The Silver Institute reported that improving exports to key Western countries also lifted silver jewelry demand.

    Growth in demand for silver jewelry will likely contribute to increasing overall demand, putting further pressure on already limited silver supplies.

    Source – Money Metals