[MARKET UPDATE] Spot silver has wiped out the entirety of this week's gains, currently trading at USD 101/oz
Newsquawk Staff ·
Spot silver has wiped out the entirety of this week's gains, currently trading at USD 101/oz.
What it means
Silver's decline, erasing all of this week's gains, suggests a significant shift in market sentiment, potentially driven by factors like demand fluctuations or changes in investor risk appetite. Traders should look for underlying reasons, such as macroeconomic data or geopolitical events, as these could signal a broader trend affecting silver and other precious metals.
- [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 20266 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 timings5 days ago
- US Midterms Cheat Sheet for Traders5 days ago
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms5 days ago
- US FX WRAP: Dollar sees two-way trade on geopols as US midterms await 5 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