Silver faces pressure as the Ministry of Finance rises
SILVER (XAG/USD) has traded about $ 31.48 and has experienced headwinds after hitting a low price of $ 31.13. Unlike gold, silver has a hard time retaining profits. This is because the US dollar strengthens and the Ministry of Finance yields are increasing. The benchmark 10 -year yield rebounded to 4.541 %, reflecting the attention of investors in sustainable inflation.
Silver has the benefits of safe home demand, but its performance is closely linked to industrial activities, making it more vulnerable to economic deceleration. The decision of the Federal Reserve, which maintains the current interest rate, has contributed to the dollar's strength, making it not attractive to two non -silver assets.
Traders are now waiting for the release of the US personal consumption expenditure (PCE) price index, which is a priority inflation gauge of the Fed for further directions. Reading that exceeds expectations can enhance the central bank's restricted stance and put pressure on the silver price.
Economic data and market outlook
The latest US GDP reports showed 2.3 % of the growth of 2.3 % in the fourth quarter of 2024, lacking 2.7 % in the third quarter, which was rapidly lower than 3.1 %, causing concerns about economic momentum. 。 Despite the declining growth rate, the unemployment rate has decreased to 207k, indicating that the labor market has recovered.
Trump, on the other hand, has further promoted risks by warning of 100 % of BRICS countries to reduce the dependence on US dollars. Investors look closely at geopolitical development and future Chicago PMI data.
Gold and silver remain sensitive to economic changes, and inflationata is likely to determine the following market movements.
