empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

19.06.202313:10 Forex Analysis & Reviews: Silver outshines gold

Exchange Rates 19.06.2023 analysis

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

Exchange Rates 19.06.2023 analysis

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.

Exchange Rates 19.06.2023 analysis

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.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Irina Yanina,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.