Nate Silver says Biden should resign
Pollster Nate Silver said in a post on social platform X on Wednesday that President Biden should resign. “Is there any particular reason to think Biden is capable of being president at this time? It's a very difficult task,” Silver said in the post. “It's a dangerous world. A very high-stakes decision in Ukraine. He […]
Colonial period silver coin shatters auction record, sells for $2.5 million
A pre-Revolutionary War American silver coin recovered from an old cabinet in Amsterdam has sold for $2.52 million at auction, breaking the previous record. According to one source, the three pence coin was minted in Boston in 1652, just weeks after the first mint was established in the colonies. statement From Stack's Bowers Gallery, the […]
Silver (XAG) Forecast: Will Rising Yields and Gold’s Weakness Drag Prices Lower? – FX Empire
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Nate Silver says Biden did 'no favors' for 'replacement-level' candidate Harris
Pollster Nate Silver said he had “tremendous sympathy” for Vice President Harris after her loss to President-elect Trump, and said he has “tremendous sympathy” for Vice President Harris before and after he withdrew from the presidential race this summer. He said it was because he “didn't show her any favors.” “He gave her a tough […]
Silver (XAG) Daily Forecast: Will Resistance at $31 Cap Price Gains? – FX Empire
Green energy, automobiles and electronics drive global demand Global industrial demand for silver is expected to increase by 7% in 2024, topping 700 million ounces for the first time. The sector is heavily dependent on silver, so renewable energy efforts, particularly solar power, are a major driver. Demand for silver in electronics and auto manufacturing […]
Nate Silver sees ‘hidden good news’ for Democrats in 2024 results
Pollster Nate Silver says there's 'hidden good news' for Democrats in 2024 election results, even as Democrats wonder where they got their messaging so wrong He said he believed that. In his newsletter, “Silver News” Mr. Silver shared his thoughts on the election and the Democratic Party's crushing defeat. Silver compared the party's condemnation of […]
Silver (XAG) Forecast: Eyes on 200-Day Moving Average as Downside Risks Grow – FX Empire
Daily US Treasury 10 Year YieldRising U.S. Treasury yields are also challenging silver's appeal. Despite the Fed's recent interest rate cuts, skepticism about extending dovish policy remains, especially given inflation expectations if fiscal policy stimulates economic activity. As yields rise, the opportunity cost of owning silver and other non-yielding assets increases, potentially discouraging investment unless […]
Silver (XAG) Daily Forecast: Tariff Concerns in Solar Sector Impact Future Silver Demand – FX Empire
China's recent economic measures have also worsened the outlook for industrial metals. Last week, the Chinese government announced a 10 trillion yuan debt package aimed at raising local financing and promoting economic stability, but it fell short of market expectations for direct economic stimulus. The disappointment hit the market for industrial metals, including silver, which […]
Silver (XAG) Forecast: Price Pressure Builds as Fed Caution, Yields, and Dollar Firm Up – FX Empire
Daily US Dollar Index (DXY)The dollar's solid performance on Monday reflects increased market expectations for Wednesday's October inflation data. Economists expect the CPI to rise 0.2% month-on-month, or 2.5% annually, and core inflation to remain at 3.3%. The producer price index is expected to rise 0.3% month-on-month, or 2.3% annually. Robust inflation data could boost […]
Silver (XAG) Forecast: Will CPI Report Trigger a Silver Rally or More Declines? – FX Empire
Strong dollar and government bond yields create headwinds Donald Trump's re-election boosted the dollar as traders predicted fiscal policies such as tax cuts and tariffs could boost inflation. The strength of the dollar, which hit a four-month high, makes dollar-denominated assets such as silver and gold more expensive and generally less attractive to international buyers. […]