According to the Korea Gold Exchange on July 29, silver (Silver, 3.75g) was priced at 11,080 won for buying and 9,360 won for selling. The buying price fell by 90 won (0.81%) from the previous day, and the selling price also dropped by 70 won (0.75%).

International silver prices also showed a weakening trend ahead of the U.S. Federal Open Market Committee (FOMC) interest rate decision. As a strong dollar pressured the precious metals market, concerns over a semiconductor sector correction and slowing industrial demand overlapped, increasing caution in the silver market.

On the 28th (local time), the New York stock market was mixed across sectors. The Dow Jones Industrial Average closed up more than 500 points, or around 1%, from the previous trading day. Buying interest flowed in as large-cap blue-chip stocks continued to deliver earnings that exceeded market expectations.

The Impact of Semiconductor Stock Trends on Silver Prices

The weakness in semiconductor stocks is a notable variable in the silver market. This is because silver, while a precious metal like gold, is also an industrial metal used in electronics, semiconductors, solar panels, electric vehicles, and power grids. While gold primarily reacts sensitively to the dollar, interest rates, and safe-haven demand, silver is also influenced by the outlook for global manufacturing and high-tech industry demand. As such, if concerns about an economic slowdown or uncertainty in the semiconductor industry grow, silver prices can exhibit greater volatility than gold prices.

Positive Factors of Expanded AI Investment on Silver Demand

Silver has excellent electrical and thermal conductivity, making it widely used in electronic circuits, semiconductor components, telecommunications equipment, and power facilities. In particular, expanded investment in AI data centers is expected to increase demand for servers, network equipment, and power infrastructure, which could have a positive impact on silver consumption.

[※ This article is for investment reference purposes only, and the responsibility for investment decisions lies with the investor.]