Silver likely to turn bullish as market balance swings to deficit

Silver likely to turn bullish as market balance swings to deficit

Silver prices have declined five per cent in the past week to $20.8 an ounce, heading south further from a five-month high of $21.7 witnessed on November 14. But prices of the metal, which have slipped 10.3 per cent year-to-date, will likely witness a bullish run as silver production has slipped into a deficit against … Read more

Market sentiment for gold adjusts to recent Fed officials’ comments

Market sentiment for gold adjusts to recent Fed officials’ comments

The Merriam-Webster dictionary defines sentiment as, “an attitude, thought, or judgment prompted by feeling: predilection.: a specific view or notion: opinion.: emotion.: refined feeling: delicate sensibility especially as expressed in a work of art. : emotional idealism.” As it pertains to the financial markets, market sentiment is the view or attitude that creates … Read more

Archaeologists find 5,000-year-old prehistoric site in Oman

Archaeologists find 5,000-year-old prehistoric site in Oman

Archaeologists in the Al Batinah North Governorate found ruins of a 5,000-year-old site with stone buildings and a tomb with silver jewelry. Photo from Oman’s Ministry of Heritage and Tourism A distinctive piece of silver jewelry found among the ruins of a prehistoric site has given archaeologists a glimpse into ancient Middle Eastern cultures. A … Read more

You want to be buying silver at $18, says silver market analyst and author Peter Krauth

You want to be buying silver at , says silver market analyst and author Peter Krauth

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – There is a significant disconnect in the silver market between investment demand in paper and physical bullion, … Read more

Gold Price Today: Buy MCX Gold, Silver futures for gains, says analyst

Gold Price Today: Buy MCX Gold, Silver futures for gains, says analyst

Commodity and currency expert Anuj Gupta recommends a buy strategy on Gold Futures for today’s session at Rs 49800 with a stop loss of Rs 49650 and price target of Rs 50400.

Gold risks collapse into bear market as Federal Reserve targets inflation

Gold risks collapse into bear market as Federal Reserve targets inflation

Gold fell to near a two-year low after Federal Reserve Chair Jerome Powell pledged to crush inflation and the dollar surged to a record, with the precious metal on the cusp of sinking into a bear market. The Fed raised interest rates by 75 basis points, and lifted forecasts on where … Read more

Gold Price Today 15 September: Sell MCX Gold, Silver futures, says this expert as trading nears close

Gold Price Today 15 September: Sell MCX Gold, Silver futures, says this expert as trading nears close

Gold Price Today 15 September: Selling in October Gold futures at Rs 49500 with a stop loss of Rs 49850 and a price target of Rs 49200. As for December Silver futures, selling is suggested at Rs 57000 with a stop loss of Rs 57550 and price target of Rs 56000.

CFTC charges World Series of Poker players with manipulating gold and silver markets

CFTC charges World Series of Poker players with manipulating gold and silver markets

(Kitco News) In another spoofing case, the Commodity Futures Trading Commission (CFTC) charged a Nevada metals trader who has a lucrative poker side-gig with spoofing the gold and silver futures markets. The CFTC said that Daniel Shak, who heads a small hedge fund SHK Management LLC, entered large orders for gold … Read more

Gold prices to trade sideways to up this week; may remain firm in the short-term on market uncertainty

Gold prices to trade sideways to up this week;  may remain firm in the short-term on market uncertainty

Town Tapan Patel Commodity prices traded mixed with most of the commodities in the non-agro segment witnessing selling except gold for the week. Bullion prices decline on Friday following strong US data. Crude oil prices plunged by nearly 10% on recession fears and rise in US production. Base metals capped upside on weak US and … Read more