{"id":121720,"date":"2024-04-19T09:19:50","date_gmt":"2024-04-19T09:19:50","guid":{"rendered":"https:\/\/kinesis.money\/?p=121720"},"modified":"2024-04-19T09:21:35","modified_gmt":"2024-04-19T09:21:35","slug":"silver-price-range-bound-gold-stabilises","status":"publish","type":"post","link":"https:\/\/kinesis.money\/tr\/market-analysis\/silver-news\/silver-price-range-bound-gold-stabilises\/","title":{"rendered":"Silver Price News: Silver Range Bound As Gold Stabilises"},"content":{"rendered":"\n

Silver prices were range bound on Thursday, mirroring gold prices which were broadly steady on the day.<\/p>\n\n\n\n

Silver prices<\/a> reached a high of $28.68 an ounce, before easing back to around $28.30 an ounce later in the day. That compared with Wednesday\u2019s trading range of $28.14 to $28.82 an ounce.<\/p>\n\n\n\n

Recent days have been characterised by price stability, in contrast to the previous week when prices rallied to long-term highs, briefly topping $30.00 an ounce.<\/p>\n\n\n

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\"kinesis
Kinesis silver (KAG) – $\/oz – on Kinesis Exchange<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

The price action largely followed gold, which showed some relative stability this week after setting fresh all-time highs on April 12.<\/p>\n\n\n\n

Silver\u2019s recent strength suggests that safe-haven flows into precious metals have trumped more bearish factors that include a perceived delay to the start of interest rate cuts by central banks until after June. This has primarily been driven by concerns that tensions between Israel and Iran could spill over into a broader confrontation \u2013 an outcome that would likely send stock markets lower, and drive investment flows into hard assets like gold and silver.<\/p>\n\n\n\n

Taking a wider view of the market, industry group The Silver Institute published its World Silver Survey 2024 report on Wednesday showing that industrial demand for silver, which makes up about 50% of total demand, rose by 11% in 2023<\/a>.<\/p>\n\n\n\n

Silver demand for photovoltaics increased by 64%, surpassing estimates, it said. Overall, silver demand exceeded supply in 2023 for the third consecutive year, resulting in a structural market deficit of 184.3 million ounces, the institute said. However, total silver demand in 2023 saw a 7% decline to 1,195 million ounces, albeit from a record level in 2022, it said.<\/p>\n\n\n\t\t\t

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Frank\u2019s experience 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<\/a>\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>
\n<\/i><\/p>\n

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 were range bound on Thursday, mirroring gold prices which were broadly steady on the day.<\/p>\n","protected":false},"author":50,"featured_media":121734,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[214],"tags":[],"class_list":["post-121720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silver-news"],"acf":[],"yoast_head":"\nSilver Price News: Silver Range Bound As Gold Stabilises - Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Friday 19th of April 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=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Price News: Silver Range Bound As Gold Stabilises\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver news analysis for today, Friday 19th of April 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-range-bound-gold-stabilises\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-19T09:19:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-19T09:21:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/04\/silver-news-feature-Silver-Range-Bound-As-Gold-Stabilises.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1058\" \/>\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 news analysis for today, Friday 19th of April 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-range-bound-gold-stabilises\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-range-bound-gold-stabilises\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Silver Price News: Silver Range Bound As Gold Stabilises\",\"datePublished\":\"2024-04-19T09:19:50+00:00\",\"dateModified\":\"2024-04-19T09:21:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-range-bound-gold-stabilises\\\/\"},\"wordCount\":271,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-range-bound-gold-stabilises\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/silver-news-feature-Silver-Range-Bound-As-Gold-Stabilises.jpg\",\"articleSection\":[\"Silver News\"],\"inLanguage\":\"tr\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-range-bound-gold-stabilises\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-range-bound-gold-stabilises\\\/\",\"name\":\"Silver Price News: Silver Range Bound As Gold Stabilises - 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