The metal is struggling to regain 2021 highs amid weak automotive demand.
Rio Tinto seeking acquisitions to boost growth. Will others follow?
Silver has rallied 33% in the last two months, but profit taking may emerge as the prospect of a hawkish Fed looms and the technical upside appears stretched.
Following a negative 2022, copper may become an intriguing market in 2023 as China reopens from Covid.
Palladium prices have jumped more than 6.5% this month already as wage negotiations carry on in South Africa
Silver has soared more than 7% on Monday boosted by a disappointing September US ISM Manufacturing PMI number
Gold traded mostly flat at about $1,663 per troy ounce, ahead of the September US ISM Manufacturing PMI release
Precious metals were upbeat on Friday morning as the US dollar languished around one-week lows
Precious metals gold, silver, platinum and palladium were subdued due to a rising US dollar on Wednesday morning
Precious metals were mixed on Monday morning following the dollar touching new 20-year highs
The XME has dropped more than 22% since the end of June subdued by softening global demand and high interest rates
Precious metals were quite subdued on Friday morning due to a stronger US dollar and increased rate hikes
Precious metals were distinctly upbeat on Wednesday morning ahead of the US Federal Reserve September meeting
Fitch Ratings' new September report has slashed a number of metal forecasts for the near term, such as copper
Gold has plunged to over two year lows on expectations that the US Fed might raise interest rates by 100bps this month