Amplify Junior Silver Miners ETF

SILJ

Market cap $4.07B

Spot gold prices are near steady and spot silver prices are lower after the close Tuesday, as a stronger U.S. dollar and firmer crude oil offset support from lower Treasury yields.

Gold markets moved away from session highs as traders focused on stronger dollar and rising Treasury yields.

Spot gold prices are firmer and spot silver prices are sharply higher in early U.S. trading Tuesday, as lower oil prices and easing Treasury-yield pressure supported metals while U.S.-Iran headlines kept the Strait of Hormuz risk premium alive.

The ongoing US-Iran ceasefire allowed gold and silver to focus on technical recoveries. Gold defended $4,534 support with bullish continuation while silver surged above $76.55.

The growing energy crisis due to the ongoing war in Iran is driving renewed interest in alternative energy, including solar power, which should provide some support for silver this year.

Tensions in the Middle East put pressure on gold markets.

Silver is moving out of the United States and into tighter overseas markets, even as futures prices react to geopolitical headlines, according to Josh Phair, CEO of Scottsdale Mint and The Wyoming Reserve.Speaking with Kitco News on May 27 as gold traded near $4,400 an ounce and silver fell more than 3%, Phair said the physical market was showing a different picture than the day's price action.

Gold and silver prices are trapped in the range established earlier in the U.S.-Iran conflict, while high prices and new import duties are impacting key areas of the Asian market, according to precious metals analysts at Heraeus.In their latest update, the analysts noted that gold prices continue to be dominated by shifting Iran-U.S. negotiations.

Spot gold prices are lower and spot silver prices are firmer in early U.S. trading Monday, as a stronger U.S. dollar and higher oil prices weighed on bullion while silver held a positive session.

The ongoing US-Iran ceasefire allowed gold and silver to react to macro and technical signals. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $75.58.