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Investors in both gold and silver focused on the recent decision of the Federal Reserve, which was announced at the FOMC meeting on Wednesday. According to the Fed's decision, interest rates remained unchanged. However, the monetary policy outlined this year will still include rate hikes and the maintenance of elevated rates until the end of the year. Based on the Federal Reserve's "dot plot," federal funds rates will increase to 5 a% and 5 %.
After this news, silver closed in positive territory, while gold remained unchanged
If we analyze the charts from the last week of May to the current price, both metals have recovered from a significant price decline that began in the first week of May. However, since May 26, the percentage increase in silver is nearly three times higher than that of gold.
There are several reasons for silver's outperformance over gold: it has an industrial component that gold lacks. The recent rise in U.S. stocks, particularly the high-tech composite NASDAQ, has fueled increased demand for silver.
Despite both metals being considered safe-haven assets, gold is the primary precious metal used, making it more sensitive to interest rate increases.
It is still unknown whether silver will continue to outperform gold, but looking at both precious metals, it becomes clear that silver has surpassed gold in terms of percentage returns and overall profits.
Even though gold and silver prices declined last week, the short-term indicators for silver have outperformed the recent rise in gold.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
