{"id":130268,"date":"2024-08-30T09:03:13","date_gmt":"2024-08-30T09:03:13","guid":{"rendered":"https:\/\/kinesis.money\/?p=130268"},"modified":"2024-08-30T09:03:17","modified_gmt":"2024-08-30T09:03:17","slug":"silver-rebounds-sharp-falls","status":"publish","type":"post","link":"https:\/\/kinesis.money\/es\/market-analysis\/silver-news\/silver-rebounds-sharp-falls\/","title":{"rendered":"Silver Price News: Silver Rebounds After Sharp Falls on Wednesday"},"content":{"rendered":"\n

Silver prices<\/a> ticked higher on Thursday, in a modest rebound following Wednesday\u2019s slump.<\/p>\n\n\n\n

Price rose as high as $29.71 an ounce, compared with Wednesday\u2019s drop to as low as $29.13 an ounce. Silver followed in gold\u2019s footsteps on Thursday as the yellow metal gained ground to hold close to recent all-time highs.<\/p>\n\n\n\n

Silver\u2019s slight gains came in the context of a more pronounced fall on Wednesday from around $30.10 to around $29.20 an ounce later in the session \u2013 a drop of almost 3%.<\/p>\n\n\n

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\"silver
Silver (KAG) price – $\/oz – from Kinesis Exchange<\/figcaption><\/figure>\n<\/div>\n\n\n

In August, both silver and gold have taken support from expectations of imminent rate cuts by the US Fed, now due in less than three weeks\u2019 time, with around 100 basis points of cuts expected in total by year\u2019s end. Lower interest rates tend to boost the appeal of non-interest-bearing investments.<\/p>\n\n\n\n

Support for precious metals has also come from a fall in the value of the US dollar against other major currencies through August, with a weaker dollar making gold and silver cheaper for buyers in other currencies, boosting demand. However, a rebound in the dollar this week has curbed the gains for silver, putting prices under downward pressure on Wednesday.<\/p>\n\n\n\n

On the technical charts, silver prices are still in the middle of the range seen over the last five months, with horizontal support at around $26.00 an ounce and resistance at around $32.50 an ounce. More recent trend support has been seen at $26.65 an ounce, representing the lows in August. On the upside, silver has recently struggled to gain a foothold above $30.00 an ounce this week.<\/p>\n\n\n\n

The markets will be looking ahead to Friday\u2019s release of Euro Area inflation figures for August and the US Core PCE Price Index for July, as participants scan the latest figures for signs of any changes to the outlook for interest rates, with a first cut expected by the US Fed in September.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience<\/a> covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets.\u00a0<\/em>He has worked as a senior editor for S&P Global Commodity Insights\u00a0(formerly Platts) and before this, at ICIS-LOR, a part of Reed Business Information (Reed Elsevier), where he covered the petrochemicals markets from 2003 to 2005.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/i>
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Read our Editorial Guidelines\u00a0<\/i>here.<\/a><\/i><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

Silver prices ticked higher on Thursday, in a modest rebound following Wednesday\u2019s slump. Price rose as high as $29.71 an ounce, compared with Wednesday\u2019s drop to as low as $29.13 an ounce. Silver followed in gold\u2019s footsteps on Thursday as the yellow metal gained ground to hold close to recent all-time highs. Silver\u2019s slight gains […]<\/p>\n","protected":false},"author":50,"featured_media":130329,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[214],"tags":[],"class_list":["post-130268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silver-news"],"acf":[],"yoast_head":"\nSilver Price News: Silver Rebounds After Sharp Falls on Wednesday - Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver price news analysis for today, Friday 30th of August 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Price News: Silver Rebounds After Sharp Falls on Wednesday\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver price news analysis for today, Friday 30th of August 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-rebounds-sharp-falls\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-30T09:03:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-30T09:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/08\/silver-feature-image-Silver-Rebounds-After-Sharp-Falls-on-Wednesday.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Frank Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:description\" content=\"Discover Kinesis' silver price news analysis for today, Friday 30th of August 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-rebounds-sharp-falls\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-rebounds-sharp-falls\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Silver Price News: Silver Rebounds After Sharp Falls on Wednesday\",\"datePublished\":\"2024-08-30T09:03:13+00:00\",\"dateModified\":\"2024-08-30T09:03:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-rebounds-sharp-falls\\\/\"},\"wordCount\":330,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-rebounds-sharp-falls\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/silver-feature-image-Silver-Rebounds-After-Sharp-Falls-on-Wednesday.jpg\",\"articleSection\":[\"Silver News\"],\"inLanguage\":\"es\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-rebounds-sharp-falls\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-rebounds-sharp-falls\\\/\",\"name\":\"Silver Price News: Silver Rebounds After Sharp Falls on Wednesday - 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