[MARKET UPDATE] Spot silver extends above USD 98/oz, as the precious metal continues to outperform XAU
Newsquawk Staff ·
Spot silver extends above USD 98/oz, as the precious metal continues to outperform XAU.
What it means
Spot silver breaking above USD 98 per ounce indicates strong demand and likely a shift in market sentiment, particularly as it outperforms gold (XAU). This trend may suggest a greater appetite for silver as a safe haven, which could have implications for inflation hedges and risk sentiment in the broader market during this Asian session.
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed folowing the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election
- [MARKET ANALYSIS] Dollar is flat ahead of the midterms, while yuan weakens after the PBoC raised its FX RRR
- [MARKET ANALYSIS] T-note futures pulled back after gaining yesterday alongside a slump in oil prices, while demand is contained with cash treasuries trading shut overnight amid the Tokyo closure
- [MARKET ANALYSIS] Oil prices are contained after dropping 8% on Monday amid hopes for diplomacy and despite a report that the US conducting a small-scale, defensive attack on Iran's Qeshm Island
- [MARKET UPDATE] Asia-Pac stocks begin mixed with underperformance in the KOSPI following the continued tech rout stateside which saw the Nasdaq 100 dip into a correction, while demand is contained amid the holiday in Japan and looming US midterm elections
Related headlines
- Newsquawk Daily Asia-Pac Opening News - 3rd November 20265 days ago
- [MARKET UPDATE]: Further pressure seen in crude prices following reports from Al Jadeed citing a breakthrough in US-Iran negotiations and ILNA (citing Al Shanara) that the two sides are on the verge of a prelim agreement6 days ago
- [ANALYSIS] US Midterms: Senate, Governor and PUC indicative timings4 days ago
- US Midterms Cheat Sheet for Traders4 days ago
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms4 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 4 days ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.37 LOWER AT 96.09/BBL5 days ago
- Quarterly Refunding Primer: Eyes on guidance and buyback commentary5 days ago
- Newsquawk Daily US Earnings Estimates - 4th November 2026: CVS, UBER, MCD, QCOM, MCK, ARM5 days ago
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus5 days ago
- Newsquawk European Market Wrap - 3rd November 20265 days ago
- Newsquawk Daily Economic Releases - 4th November 20265 days ago
- [SNAP ANALYSIS] Crude tumbles following source reports by Al Araby Al Jadeed of a US-Iran draft accord5 days ago
- Newsquawk US Daily Equity Opening News - AAPL falls on margin outlook; PLTR falls as US commercial growth slows5 days ago
- [MARKET UPDATE] Crude benchmarks sink on reports that the US and Tehran have made concessions related to the Iranian nuclear program and frozen funds; Brent Jan'27 has slipped beneath USD 102/bbl5 days ago