{"id":163492,"date":"2025-12-02T04:28:10","date_gmt":"2025-12-02T04:28:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/163492\/"},"modified":"2025-12-02T04:28:10","modified_gmt":"2025-12-02T04:28:10","slug":"silver-price-retreats-from-record-high-on-concerns-of-overheating","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/163492\/","title":{"rendered":"Silver price retreats from record high on concerns of overheating"},"content":{"rendered":"

\"\"Stock image.<\/p>\n

Silver retreated from a record high, with a key technical indicator showing that a six-day rally has taken the white metal into overbought territory. Gold also edged down.<\/p>\n

Silver traded at around $57.45 an ounce, more than a dollar below the all-time peak<\/a> reached in the previous session. Traders have been betting on continued supply tightness and expectations for another interest-rate cut in the US, a tailwind for non-yielding precious metals.<\/p>\n

The 14-day relative strength index, however, shows that this recent speculative fervor may have gone too far, too fast. A reading of above 70 shows that the momentum is overheated.<\/p>\n

\"\"<\/p>\n

\u201cWe have now moved on beyond rational momentum,\u201d Daniel Ghali, senior commodity strategist at TD Securities, said in a note. \u201cDemand expectations have declined across all categories, leaving investment demand as the primary driver today,\u201d he said, citing weak physical trading in London\u2019s over-the-counter market.<\/p>\n

The rally in silver \u2013 which rose more than 8% over the previous two sessions \u2013 has been fueled by bets on prolonged supply tightness. Since record amounts of the metal flowed into London to ease a historic squeeze in October, other trading hubs have come under pressure. Inventories linked to Shanghai Futures Exchange\u2019s warehouses recently hit their lowest in a decade.<\/p>\n

Silver and gold have also been supported by rising expectations that the Federal Reserve will deliver another interest-rate cut next week. Markets have priced in a near-certainty of a quarter-point reduction at the Fed\u2019s final meeting of the year.<\/p>\n

Silver fell 1% to $57.4245 an ounce as of 8:28 a.m. in Singapore. Gold edged down 0.2%. The Bloomberg Dollar Spot Index was up marginally, while palladium and platinum traded lower.<\/p>\n

(By Yihui Xie)<\/p>\n","protected":false},"excerpt":{"rendered":"Stock image. Silver retreated from a record high, with a key technical indicator showing that a six-day rally…\n","protected":false},"author":2,"featured_media":163493,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-163492","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/163492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=163492"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/163492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/163493"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=163492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=163492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=163492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}