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The price of Silver is currently skyrocketing. Yesterday, the price reached a new record high of $64.3 per ounce, Commerzbank’s commodity analyst Carsten Fritsch notes. Prices surge 120% YTD, strongest gain since 1979″Since the beginning of the week, the price has risen by almost 10%, and by 27% over the last three weeks. The increase since the beginning of the year now stands at 120%. This means that Silver is on track for its strongest annual gain since 1979. The Gold/Silver ratio fell below 67 yesterday, its lowest level since June 2021, putting it only slightly above the average for…

The Japanese Yen (JPY) is slightly weaker versus the US Dollar (USD), underperforming most G10 currencies, as markets await next week’s BoJ meeting where a 25bps rate hike is widely expected. Policymakers signal the potential for further tightening in 2026, keeping USD/JPY range-bound between 154 and 157, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. USD/JPY stays range-bound amid hawkish BoJ signals”The yen is entering Friday’s NA session with a 0.2% decline vs. the USD and underperformance against all of the G10 currencies with the exception of the Skandies SEK and NOK.””Reports of a constructive, hawkish shift at…

West Texas Intermediate (WTI) Crude Oil remains under pressure on Friday, with prices struggling to find traction as persistent oversupply concerns continue to dominate market sentiment. At the time of writing, WTI is trading around $57.10, hovering near recent lows and on track to post a weekly decline of more than 4%.The broader tone in the oil market remains cautious as investors focus on signs that global supply continues to outpace demand. Geopolitical developments are also shaping sentiment. Markets remain attentive to Russia-Ukraine peace-talk optimism, with traders viewing any meaningful progress toward a deal as a potential pathway for additional…

Following the Federal Open Market Committee (FOMC) meeting, the US Dollar (USD) softened broadly while risk proxies, non-USD currencies, precious metals, and even crypto assets saw constructive moves. DXY last seen around 98.46 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.Risk assets and precious metals gain”Post-FOMC market reaction has remained constructive for risk proxies, precious metals, non-USD FX and even crypto assets while USD traded broadly softer. We continue to expect USD to trade moderately softer as Fed easing erodes carry advantage while US exceptionalism fades.” “We reiterate that non-USD FX (especially those central banks likely to be…

The rupee is expected to trade with a negative bias as the delay in the trade deal between India and the US may weigh on the domestic unit. The rupee depreciated by 9 paise to close at an all-time low of 90.41 against the US dollar on Friday, as uncertainty over the India-US trade deal and persistent foreign fund outflows dented investor sentiment.Forex traders said the rupee is under pressure, largely due to aggressive dollar purchases by importers amid surging global precious metal prices.At the interbank foreign exchange, the rupee opened at 90.43 against the US dollar, then fell further…

The Indian rupee ended little changed after hitting a record low on Friday but notched its second weekly fall in a row as investors continued to fret over prolonged U.S.-India trade deal negotiations.Bankers and analysts expect the currency to keep drifting lower in the near term with interventions by the central bank keeping a lid on volatility. The rupee closed at 90.4150 per dollar, down 0.5% on the week. It fell to 90.55 in early trading but held above that level once the central bank stepped in to support the currency, traders said.”Pressure on the currency has persisted since steep…

The Japanese Yen (JPY) remains on the back foot through the early European session on Friday, though it lacks bearish conviction amid hawkish Bank of Japan (BoJ) expectations. Traders have been pricing in the possibility that the BoJ will hike interest rates as early as next week. This marks a significant divergence in comparison to bets for more rate cuts by the US Federal Reserve (Fed), which keeps the US Dollar (USD) depressed near a two-month low and acts as a tailwind for the lower-yielding JPY.Meanwhile, Prime Minister Sanae Takaichi’s massive spending plan has exacerbated concerns about Japan’s public finances…

The Indian rupee hit a record low on Friday, as sentiment remained bogged down by the absence of a trade deal with the U.S. and portfolio outflows, drawing likely intervention by the Reserve Bank of India to curb the fall.The rupee weakened to 90.55 against the U.S. dollar, slipping past its previous all-time low of 90.4675 hit on December 11. The currency was last at 90.4650, down 0.1% on the day.The rupee is Asia’s worst performer this year. The currency has fallen nearly 6% against the dollar year-to-date, as steep US tariffs of up to 50% on Indian goods hurt…

Silver price (XAG/USD) climbs to near $63.75 and is poised to retest its all-time high during the Asian trading hours on Friday. The white metal extends the rally on rising industrial demand, a weaker US Dollar (USD), and the metal’s entry into the US critical minerals list.The upside for Silver is bolstered by rising industrial demand from vital technology sectors. Saxo Bank analysts noted that sectors such as solar energy (PV), automotive electric vehicles (EVs) and their infrastructure, and data centers and artificial intelligence (AI) will drive industrial demand higher through 2030.The US Department of the Interior has added silver to…

GBP/USD is holding firmly in bullish territory heading into the tail end of the week, but Cable bidders ran into a technical resistance point at the 1.3400 handle on Thursday. The Federal Reserve (Fed) delivered a third straight interest rate cut this week, bolstering broad-market risk appetite and pushing the US Dollar (USD) into the low side across the board.Fed Chair Jerome Powell cautioned following the Fed’s latest interest rate trim that further moves on rates are less than likely heading into 2026, and the majority of Fed policymakers see barely two more interest rate cuts over the next two…