abrdn Physical Silver Shares ETF

SIVR

Market cap $5.2B

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.

Gold and silver remain under pressure as a stronger U.S. dollar, higher oil prices, and Fed policy risks weigh on precious metals, while traders watch key breakout levels at $5,000 for gold and $89 for silver.

Spot gold prices are higher and spot silver prices are lower after the close Friday, as a sharp monthly drop in crude oil reduced inflation pressure while a firmer U.S. dollar kept silver under pressure.

Gold prices gained ground as traders bet that U.S. will reach a deal with Iran soon.

In Mid-May, India's Prime Minister Narendra Modi publicly urged Indian citizens to avoid buying physical gold and silver for a year.

Spot gold prices are higher and spot silver prices are slightly lower in early U.S. trading Friday, as lower crude oil prices and easing Treasury yields supported bullion while silver remained capped below near-term moving-average resistance.

Gold and silver traded with mixed signals as the Middle East truce held firm. Gold bounced strongly off $4,514 channel support while silver slipped to $75.10.