{"id":109896,"date":"2024-01-05T10:06:33","date_gmt":"2024-01-05T10:06:33","guid":{"rendered":"https:\/\/kinesis.money\/?p=109896"},"modified":"2024-01-05T11:01:13","modified_gmt":"2024-01-05T11:01:13","slug":"silver-price-steadies-after-january-slump","status":"publish","type":"post","link":"https:\/\/kinesis.money\/zh-hans\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/","title":{"rendered":"Silver Price News: Silver Steadies After Early January Slump"},"content":{"rendered":"\n

Silver prices looked more stable on Thursday, having dropped sharply the previous day.<\/p>\n\n\n\n

Silver spent most of the day trading in a range of $22.95 to $23.05 an ounce, save for a brief drop to as low as $22.70 halfway through the afternoon session. That compared with a sharp fall from as high as $23.74 an ounce on Wednesday.<\/p>\n\n\n

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

Silver\u2019s price action largely mirrored activity in the gold market mid-week, with prices similarly stabilising after a sharp drop on Wednesday.<\/p>\n\n\n\n

The markets were watching for further signals on interest rates after data this week indicated a stronger-than-expected US economy, which curbed the chances of early interest rate cuts by the Federal Reserve.<\/p>\n\n\n\n

On the fundamentals side, total global silver demand remains elevated by historical standards, with 2023 being the second highest year for demand, even taking into account an estimated 10% drop compared with 2022\u2019s record levels, according to data from The Silver Institute<\/a>.\u00a0<\/p>\n\n\n\n

Of more significance than the year-on-year change is the underlying balance in the market: 2023 saw an estimated 140-million-ounce global physical supply deficit, which came on top of a larger net shortfall of 253 million ounces in 2022.<\/p>\n\n\n\n

Looking ahead, Friday will see the release of monthly US Non-Farm Payrolls data as well as factory orders for November, for the latest signals on the US economy.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

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>
\nRead 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 looked more stable on Thursday, having dropped sharply the previous day.<\/p>\n","protected":false},"author":50,"featured_media":109919,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[214],"tags":[],"class_list":["post-109896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-silver-news"],"acf":[],"yoast_head":"\nSilver Prices Steady After January Slump | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' silver news analysis for today, Friday 5th of January 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=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silver Price News: Silver Steadies After Early January Slump\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' silver news analysis for today, Friday 5th of January 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-05T10:06:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-05T11:01:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png\" \/>\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\/png\" \/>\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 5th of January 2024, from leading precious metals analyst Frank Watson.\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 \u5206\" \/>\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-price-steadies-after-january-slump\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/\"},\"author\":{\"name\":\"Frank Watson\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"headline\":\"Silver Price News: Silver Steadies After Early January Slump\",\"datePublished\":\"2024-01-05T10:06:33+00:00\",\"dateModified\":\"2024-01-05T11:01:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/\"},\"wordCount\":229,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png\",\"articleSection\":[\"Silver News\"],\"inLanguage\":\"zh-Hans\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/\",\"name\":\"Silver Prices Steady After January Slump | Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png\",\"datePublished\":\"2024-01-05T10:06:33+00:00\",\"dateModified\":\"2024-01-05T11:01:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\"},\"description\":\"Discover Kinesis' silver news analysis for today, Friday 5th of January 2024, from leading precious metals analyst Frank Watson.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/#breadcrumb\"},\"inLanguage\":\"zh-Hans\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-Hans\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png\",\"width\":960,\"height\":529,\"caption\":\"frank watson silver steadies after january slump\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/silver-news\\\/silver-price-steadies-after-january-slump\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/zh-hans\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silver Price News: Silver Steadies After Early January Slump\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"zh-Hans\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/11c4884f9d074d6831f53e287228bf52\",\"name\":\"Frank Watson\",\"description\":\"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (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.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0\",\"jobTitle\":\"Precious Metals Market Analyst\",\"url\":\"https:\\\/\\\/kinesis.money\\\/zh-hans\\\/author\\\/frankwatson\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Silver Prices Steady After January Slump | Kinesis","description":"Discover Kinesis' silver news analysis for today, Friday 5th of January 2024, from leading precious metals analyst Frank Watson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"zh_CN","og_type":"article","og_title":"Silver Price News: Silver Steadies After Early January Slump","og_description":"Discover Kinesis' silver news analysis for today, Friday 5th of January 2024, from leading precious metals analyst Frank Watson.","og_url":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/","og_site_name":"Kinesis","article_published_time":"2024-01-05T10:06:33+00:00","article_modified_time":"2024-01-05T11:01:13+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png","type":"image\/png"}],"author":"Frank Watson","twitter_card":"summary_large_image","twitter_description":"Discover Kinesis' silver news analysis for today, Friday 5th of January 2024, from leading precious metals analyst Frank Watson.","twitter_misc":{"\u4f5c\u8005":"Frank Watson","\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4":"2 \u5206"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/"},"author":{"name":"Frank Watson","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"headline":"Silver Price News: Silver Steadies After Early January Slump","datePublished":"2024-01-05T10:06:33+00:00","dateModified":"2024-01-05T11:01:13+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/"},"wordCount":229,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png","articleSection":["Silver News"],"inLanguage":"zh-Hans","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/","url":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/","name":"Silver Prices Steady After January Slump | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png","datePublished":"2024-01-05T10:06:33+00:00","dateModified":"2024-01-05T11:01:13+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52"},"description":"Discover Kinesis' silver news analysis for today, Friday 5th of January 2024, from leading precious metals analyst Frank Watson.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#breadcrumb"},"inLanguage":"zh-Hans","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/"]}]},{"@type":"ImageObject","inLanguage":"zh-Hans","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png","width":960,"height":529,"caption":"frank watson silver steadies after january slump"},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/silver-news\/silver-price-steadies-after-january-slump\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/zh-hans\/"},{"@type":"ListItem","position":2,"name":"Silver Price News: Silver Steadies After Early January Slump"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"zh-Hans"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/11c4884f9d074d6831f53e287228bf52","name":"Frank Watson","description":"Frank\u2019s experience covering the commodities markets spans 22 years, with a particular specialism in metals, carbon and energy markets. He has worked as a senior editor for S&P Global Commodity Insights (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.\u00a0 Earlier in his career, Frank covered precious metals, base metals and energy markets, writing for AFX News (Agence France-Presse), the English-speaking financial arm of the French state-owned news agency, AFP. He produced daily precious and base metals market reports for AFX News, focused on key market movements and the factors shaping price evolution. He holds a BA in Graphic Design with Photography from the University of Wolverhampton and an MSC in Information Systems from the University of Sheffield.\u00a0","jobTitle":"Precious Metals Market Analyst","url":"https:\/\/kinesis.money\/zh-hans\/author\/frankwatson\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/01\/silver-news-feature-image-Silver-Steadies-After-Early-January-Slump.png","small":""},"_links":{"self":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/posts\/109896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/comments?post=109896"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/posts\/109896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/media\/109919"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/media?parent=109896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/categories?post=109896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/zh-hans\/wp-json\/wp\/v2\/tags?post=109896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}