Gold-silver ratio falls below 50 for the first time in 14 years
According to Odaily, as last year's strong rally in silver prices continued into the new year, the gold-silver ratio—a key indicator closely watched by precious metals traders—fell below the 50 mark this week for the first time in 14 years. As noted by Goldman Sachs precious metals trader Augustin Magnien, silver is currently at the core of trade tensions. Previously, the United States included silver on its list of critical minerals, while China has implemented stricter export controls on silver. These geopolitical developments have led to a surge in investor interest, and with expectations of Federal Reserve rate cuts and a trend toward portfolio diversification, silver prices have been pushed to record levels. (Cailian Press)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Subscription multiplier reaches 4 times! "AI Ring" Oura IPO receives enthusiastic response
Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
The Bank of Japan's interest rate hike still fails to impress the market! Hedge funds slash yen long positions by nearly 80%, while dollar long positions increase significantly
After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.
US Treasury yields continue to rise! Cleveland Federal Reserve President: Government and AI compete for funds, fueling rate hike expectations
Cleveland Federal Reserve President Loretta Mester stated on Friday that the recent sustained rise in long-term U.S. Treasury yields is the result of multiple factors working together.
Crypto prices
More
