Silver Price 2024 Year-End Review

ByVictoria

This year has been an up and down ride for silver after 2023 but seems to have taken a turn in the last quarter of the year.

News!

“Silver fell to a quarterly low of US$30.11 on November 27, but since then the precious metal has regained some ground. As of December 11, it was trading at US$31.88.

The next Fed meeting is set to run from December 17 to 18. Most analysts expect the central bank to make one last 25 basis point cut before pausing in 2025.”

Source – Investing News Network

Similar Posts

  • / /

    Gold up Silver down

    ByVictoria
    0 Comments

    The price of 24-carat gold surged by Rs 10 in early trade on Thursday, with ten grams of the precious metal trading at Rs 78,830 according to the GoodReturns website. The price of silver fell by Rs 100, with one kilogram of the precious metal selling at Rs 92,400.

    The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,830.

    Source – Business Standard

  • /

    Ghana gold output to increase

    ByVictoria
    0 Comments

    Ghana’s gold production could increase by around 6.25% to approximately 5.1 million ounces in 2025, up from last year’s record output of 4.8 million ounces, the Chamber of Mines in Africa’s top gold-producing nation said on Friday.

    “We project gold output to range between 4.4 and 5.1 million ounces, buoyed by increased contributions from Newmont’s Ahafo South Mine and Shandong’s Namdini Mine,” Chamber of Mines President Michael Akafia said at an annual gathering in the capital Accra.

    “We’re looking at about 30% to 40% more production than the previous year,” the general secretary of the group, Godwin Armah, told Reuters.

    Source – Reuters

  • /

    Gold rose but weaker than expected: December report

    ByVictoria
    0 Comments

    Spot gold rose 0.5% to $2,663.79 per ounce, as of 9:55 a.m. ET (1455 GMT) and hit its highest since Dec. 13. U.S. gold futures gained 0.5% to $2,679.70.

    Weaker private payrolls “is contributing to gold’s move, because ultimately, weaker employment numbers imply that the economy has been weaker than many had expected,” said Bart Melek, head of commodity strategies at TD Securities.

    “The bigger factor will be U.S. nonfarm payrolls on Friday, the market is expecting a change of 163 (thousand); anything significantly above that will be negative for gold,” Melek said.

    Source – Reuters

  • /

    Copper in a slump

    ByVictoria
    0 Comments

    London Metal Exchange (LME) three-month copper slumped to a 17-month low of $8,105 per metric ton on April 7 after China responded to U.S. tariffs in kind.

    Citi, which now expects copper to hit $8,000 per ton over the next three months, warns that commodity markets are still not pricing the full potential impact on demand.

    Copper as a macro play cannot but reflect the broader market concerns about the negative impact of an escalating trade war between the United States and China on the world economy.

    But at a micro level, the specific threat of U.S. tariffs on the metal is pulling normal trade patterns out of shape and causing both LME and Shanghai exchange inventories to fall.

    Source – Reuters

  • Follow us on Facebook!

    ByVictoria
    0 Comments

    Here we will post as often as we can and keep you updated on the site and any news in the precious metals world and of course focus on local businesses.

    Check out our page!

    Look forward to seeing you there and engage with you! If there are any honorable mentions of your own local gold and silver dealers in your area that you’d like to see please feel free to reach out.

    Happy Investing!
    -V.

  • /

    Peru has high expectations for copper

    ByVictoria
    0 Comments

    Peru’s Energy and Mines Minister Jorge Montero expects mining investment in the world’s third-largest copper producer to reach $4.8 billion this year, and output of the red metal to be 2.8 million metric tons, he said on Tuesday.

    Source – Reuters