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June 26 Silver Market Trends... U.S. May PCE Announced at 4.1%, What Lies Ahead for Silver Prices?

[June 26 Silver Market Trends] According to the Korea Gold Exchange on June 26, the trading price of silver (Silver, 3.75g) was recorded at 12,010 won for buyin

Oseong Kwon
Staff Reporter
4 min read
June 26 Silver Market Trends... U.S. May PCE Announced at 4.1%, What Lies Ahead for Silver Prices?
CBC News

[June 26 Silver Market Trends] According to the Korea Gold Exchange on June 26, the trading price of silver (Silver, 3.75g) was recorded at 12,010 won for buying and 10,050 won for selling. Compared to the previous day, the buying price rose by 160 won (1.33%), and the selling price also increased by 140 won (1.39%), marking an upward trend.

[U.S. Price Index Release Puts Precious Metals Market on Edge] The U.S. May PCE (Personal Consumption Expenditures price index), announced on the 25th Korean time, showed a 4.1% increase compared to the same month last year. Following the release of this price index, attention is now focused on the future direction of the precious metals market.

Inflation pressures have a complex impact on silver prices. Generally, when inflation concerns grow, interest in and demand for tangible assets such as gold and silver can increase. However, at the same time, if expectations of interest rate hikes emerge and lead to a stronger dollar, this can act as downward pressure on precious metal prices. The market is noting the possibility that these conflicting factors will work simultaneously, making it difficult for silver prices to find a clear short-term directional trend for the time being.

[The Uniqueness of Silver Prices Driven by Industrial Demand] While silver is classified as a major precious metal alongside gold, it has the distinctive characteristic that industrial demand accounts for more than half of its total demand. This is because it is used as an essential material in various advanced industries, including solar panels, semiconductors, electric vehicles, batteries, medical devices, and electronic components. Therefore, the recovery of the global manufacturing sector and the extent of investment expansion in the information technology (IT) industry are cited as key variables that directly influence silver prices.

[※ Investment decisions are the responsibility of the individual, and stock prices and market conditions may fluctuate during trading hours.]

Oseong Kwon
Staff Reporter

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