Silver Price OutlookSilver prices trended upwards in recent weeks, spurred by flight to safe assets and renewed U.S.-China trade talks. Silver traded at USD 15.0 per troy ounce on 5 July, which was up 1.4% from the same day last month. The price was 3.2% lower on a year-to-date basis and was down 6.5% from the same day a year prior. Safe-haven demand for the metal rose following notably dovish turns and some monetary easing by a string of central banks, including the Federal Reserve’s hint at rate cuts. Although renewed trade negotiations between the U.S. and China at the G20 summit supported prices, markets do not anticipate a final resolution anytime soon. Moreover, weaker economic data out of China in Q2 showing slowing factory output and the manufacturing PMI slipping into contractionary territory demonstrates the industrial sector is struggling under the weight of the trade standoff. This hinders industrial demand prospects, while having the contrasting effect of encouraging safe-haven demand.
Silver Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Silver Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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