It’s silver’s turn to shine as hedge funds turn their attention away from gold

Philippines News News

It’s silver’s turn to shine as hedge funds turn their attention away from gold
Philippines Latest News,Philippines Headlines
  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 78%

The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

Some analysts have noted that silver has struggled as investor sentiment regarding the health of the global economy remained mixed. Although silver is a precious metal, roughly 50% of demand comes from industrial uses. The disaggregated report showed that money-managed speculative gross long positions in Comex silver futures fell by 1,406 contracts to 172,588. At the same time, short positions fell by 3,219 contracts to 29,692.During the survey period, gold prices managed to hold solid support above $2,150 an ounce. Investors will have to wait until the end of the week to see a potential shift in speculative positioning following the Federal Reserve’s monetary policy decision.

has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

KitcoNewsNOW /  🏆 13. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold price vs. Bitcoin price record rally: Mixed market signals, here's what it all means — Gareth SolowayGold price vs. Bitcoin price record rally: Mixed market signals, here's what it all means — Gareth SolowayThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

Gold price rallies to record high after overall weaker U.S. jobs reportGold price rallies to record high after overall weaker U.S. jobs reportThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

Gold prices just off highs as U.S. weekly jobless claims hold steadyGold prices just off highs as U.S. weekly jobless claims hold steadyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

Gold price remains strong as Fed Chair Powell sings the same songGold price remains strong as Fed Chair Powell sings the same songThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

Gold’s shock rally has analysts grasping for explanationsGold’s shock rally has analysts grasping for explanationsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »

Central banks go for the gold in January, pointing to a third straight year of strong demandCentral banks go for the gold in January, pointing to a third straight year of strong demandThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »



Render Time: 2025-02-26 12:49:16