Gold remains supported by inflation pressure and geopolitical uncertainty, while silver shows stronger momentum as prices approach the key $90 to $100 breakout zone.
Silver Price Forecast: XAG/USD holds onto gains around $87, ignoring hawkish Fed bets
Indian Rupee ticks up as centre hikes import duty on Gold and Silver to 15%
Indian gold and silver futures jumped more than 7% in early trade on Wednesday after New Delhi raised import tariffs on the precious metals.
India raises import tariffs on Gold and Silver to 15% - Reuters
Silver Price Forecast: XAG/USD advances to near $87.00 on rising industrial demand
Recent price action in silver has been particularly relevant, as over the last five trading sessions XAG/USD has posted a significant gain, accumulating an increase of more than 18% over this period.
Silver Price Forecast: Bulls eye $90.00 as momentum surges
Silver price declines as hot US inflation bolsters Dollar despite industrial support
The silver market tried to rise on Tuesday, but the rising rates in America have put a bit of a weight around the neck of silver.
Silver: Industrial support and volatility risks – Commerzbank
Markets are reacting to the rise in US inflation data, with CPI at 3.8%, last seen in 2023, reinforcing a higher-for-longer rate environment.