Precious Metals News- Gold price today: Rates for 24-carat and 22-carat increased, 1 Kg Silver Rally Rs 1000 - Kalinga TV March 26, 2025
- Gold and silver price on March 26: 24k gold rate at ₹89,400/10 gram - Upstox March 26, 2025
- Gold Price Today: Yellow metal opens flat at Rs 87,534/10 gms amid volatility, silver near Rs 1 lakh/kg ma - The Economic Times March 26, 2025
- Gold and Silver Rate Today, March 26, 2025: Yellow metal dips to Rs 87,480 per 10 grams, Silver rises to Rs 99,210 per kg; check city-wise prices - Zee Business March 26, 2025
Category Archives: Silver
China invites U.S. business leaders to Beijing as it tries to decipher Trump’s trade plans
China courted the executives of major U.S. businesses at an annual conference this week — a sign of how Beijing seeks to offset trade pressures, rather than retaliate forcefully.
Chinese attendees weren’t that focused on what can be done to respond to U.S. tariffs, Stephen Roach, senior fellow at Yale Law School’s Paul Tsai China Center, told CNBC.
At this week’s conference, China was trying to send a message of “reassurance” — on how it plans to boost consumption and how the country is headed in a “modestly positive direction” relative to what is happening in the United States, said Scott Kennedy, senior advisor and trustee chair in Chinese business and economics at the Center for Strategic and International Studies.
Attendees pose for a group photo before the opening ceremony of the China Development Forum 2025 at the Diaoyutai Guesthouse on March 23, 2025, in Beijing.
China News Service | China News Service | Getty Images
BEIJING — China courted the executives of major U.S. businesses at an annual conference this week in a sign of how Beijing seeks to offset trade pressures, rather than retaliate forcefully.
China has long sought to attract foreign investment as a way to bolster growth, while tapping business interests for potential influence on the White House, particularly under U.S. President Donald Trump. The U.S. has twice increased tariffs across all Chinese goods since January, but Beijing has only announced targeted duties and restrictions on a handful of American companies.
Conversation on the sidelines of the state-organized China Development Forum this week in Beijing reinforced a more conciliatory stance than official rhetoric this month about how China is prepared to fight “any type of war” with the United States.
Chinese conference attendees weren’t that focused on what can be done to respond to U.S. tariffs, Stephen Roach, senior fellow at Yale Law School’s Paul Tsai China Center, told CNBC.
“The questions I’ve been getting more [are], why is Trump doing this? What is he trying to achieve? What does he think it takes to really make America great?” Roach said. He has attended the event since the early 2000s.
“My answer is this is an unprecedented period for America’s role in the world economy. We’re going back to a tariff regime that history tells us can be extremely destructive,” Roach said, adding he expects more policy uncertainty in the U.S. and around the world “for a long, long time.”
U.S. stocks have swung in recent weeks as investors try to assess the economic impact of Trump’s changing plans for tariffs on major U.S. trading partners. U.S. Federal Reserve Chair Jerome Powell last week said tariffs could delay progress on lowering inflation in the U.S.
A message of ‘reassurance’
At this week’s conference, China was trying to send a message of “reassurance” — on how it plans to boost consumption and how the country is headed in a “modestly positive direction” relative to what is happening in the U.S., said Scott Kennedy, senior advisor and trustee chair in Chinese business and economics at the Center for Strategic and International Studies, a think tank based in Washington, D.C.
If the U.S. imposes significantly large tariffs in early April, “then you go from managing costs and de-risking to possibly de-coupling,” Kennedy told CNBC. “And then that might mean the game is up. So I think the level of anxiety is pretty high. And that’s why China is trying to provide this message of reassurance.”
The Trump administration has threatened a swath of new tariffs on major trading partners starting early April. China has increased its trade with Southeast Asian countries and the European Union, but the U.S. remains Beijing’s largest trading partner on a single-country basis.
The China Development Forum ran Sunday and Monday. Apple CEO Tim Cook was among the executives who attended, but Tesla CEO Elon Musk was not.
“The increased optimism this year compared to last year at the CDF has been just so heart warming,” Ken Griffin, CEO of hedge fund Citadel, said during an official panel at the forum.
Trump “is committed to American companies having access to a global market,” Griffin said. “And the President is willing to use tariffs to seek to enforce this worldview.”
First step toward Xi-Trump meeting?
Also on Sunday, U.S. Republican Senator Steve Daines met Chinese Premier Li Qiang in Beijing — the first time a U.S. politician has visited China since Trump began his latest term in January.
“This was the first step to an important next step, which will be a meeting between President Xi and President Trump,” Daines told the Wall Street Journal. “When that occurs and where it occurs is to be determined.”
The White House did not immediately respond to a request for comment.
Li urged cooperation and said no one can gain from a trade war, according to state media.
FedEx CEO Raj Subramaniam, Boeing Senior Vice President Brendan Nelson, Cargill CEO Brian Sikes, Medtronic CEO Geoffrey Martha, Pfizer CEO Albert Bourla, Qualcomm CEO Cristiano Amon, UL Solutions CEO Jennifer Scanlon and U.S. China Business Council President Sean Stein were also present at Daines’ meeting with Li, according to a foreign media pool report.
China, the world’s second-largest economy, remains a significant source of revenue for many multinational corporations, not to mention a major part of their supply chains.
Despite its efforts to bolster international business ties, the country has warned of countermeasures on U.S. tariffs and taken incremental steps.
Following U.S. sanctions on Chinese telecommunications giant Huawei during Trump’s first term as president, Beijing launched an unreliable entities list that restricts foreign business activity with China.
China added Calvin Klein parent PVH and a few other U.S. companies to the list after this year’s tariff increases. On Monday, China also said it would soon reveal new measures that would give it a legal basis for countering foreign pressure.
Economic factors
For U.S. companies in China, the state of the economic recovery has also been an important factor for local business plans.
Since late September, China has stepped up efforts to support the economy. Top policymakers earlier this month affirmed stimulus plans and a recent effort to encourage private-sector tech entrepreneurs in the wake of DeepSeek’s artificial intelligence breakthroughs.
“This year, you feel a lot of positive momentum beginning in China. So I feel like recovery is underway,” Wendell P. Weeks, CEO of Corning, told CNBC.
However, China’s economy has struggled with deflationary pressure and a real estate slump, weighing on regional growth prospects for international businesses.
Even Beijing’s push to support high-tech manufacturing has so far only added an average 1.1 percentage points to gross domestic product growth in each of the last three years — not enough to offset the 1.7 percentage point drag from real estate during that time, according to Goldman Sachs estimates.
“We will remain optimistic because the role of technology is important, I think more than ever,” Qualcomm’s Amon told CNBC. “I think technology is going to be part of economic growth.” Continue reading →
Correction Over? Or More To Go?
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Gold edges higher as surge in ETF holdings continues
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US Stock Futures Stall on Trump’s New Tariff Salvo: Markets Wrap
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If you missed out on gold’s record run, take a look at silver
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Copper is on the Verge of a Bull Market—And That’s Great News for Silver
The stars are aligning for copper, which has surged 25% after breaking out of its triangle pattern and now sits just below the key $5–$5.20 resistance zone.
For months, I’ve been bullish on copper. I predicted copper would rebound and enter a long-term bull market, pulling silver higher due to their strong correlation and the influence of arbitrage algorithms reinforcing that price relationship.
When I first shared my bullish outlook, copper was struggling at $4 per pound. Since then, it has surged to $5—a substantial 25% increase in just a few months. And based on current trends, copper’s bull market may just be getting started, as I’ll explain in this update.
Copper has been surging since the start of the year for several key reasons, including the pullback in the U.S. dollar (as I’ll show shortly), expectations of tariffs on U.S. copper imports, China’s special action plan to boost spending by increasing incomes, and strong demand across multiple sectors, particularly the electrical grid, electric vehicles (EVs), and renewable energy technologies.
Let’s dive into copper’s technicals, starting with the daily chart. In late 2024, copper found strong support at the key $4 per pound level, rebounded, and then broke out of a triangle pattern at the start of February.
That breakout signaled a major surge, and the uptrend remains solid and intact. Given the current momentum, I believe copper still has plenty of fuel left to climb higher.
Copper’s weekly chart reveals a major resistance zone between $5 and $5.20, a level that has held firm for the past three years.
However, if copper manages to close above this range, it will break into blue-sky territory, surging to a new all-time high and fully launching into a powerful bull market.
Stepping back to the monthly chart, a bullish ascending triangle pattern has been forming over the past several years. Once it breaks out, it should trigger a bull run similar to the 2020 rally that preceded it.
Based on the measured move principle in technical analysis, this breakout could drive copper up by $3 per pound, reaching $8—a potential 60% gain from current levels.
Copper’s likely upcoming bull market would align with the outlook of French billionaire and commodities trader Pierre Andurand, who predicted that copper prices could soar to $40,000 per tonne in the coming years—a more than fourfold increase from the current price of $9,853 per tonne.
Explaining his bullish stance, Andurand stated, “We are moving towards a doubling of demand growth for copper due to the electrification of the world, including electric vehicles, solar panels, wind farms, as well as military usage and data centers.”
Goldman Sachs has dubbed copper “the new oil” due to its essential role in clean energy technologies, and Visual Capitalist recently published a fascinating infographic on this theme.
Copper earns this title because its demand is expected to surge in the coming decades, while oil consumption is projected to decline as the world transitions away from fossil fuels. Reflecting this shift, the IMF forecasts a 66% increase in copper demand between 2020 and 2040.
As a commodities investor, I closely follow copper not only on its own merits but also as a silver investor and analyst, given their strong correlation. The last time I ran the numbers a few months ago, their correlation stood at a solid 0.771 (out of 1).
This relationship exists for several reasons: both are industrial metals, both trade inversely to the U.S. dollar, and trading algorithms further reinforce their price connection. This high correlation makes copper just as important for silver investors to watch as gold.
Once I recognized copper’s significance in understanding silver’s price movements—and how silver behaves as a hybrid of gold and copper—I developed an indicator called the Synthetic Silver Price Index (SSPI) to better validate silver’s price trends.
This index combines the average prices of gold and copper, with copper adjusted by a factor of 540 to prevent gold from disproportionately influencing the calculation.
Despite silver itself not being an input, the SSPI closely tracks silver’s price movements, providing valuable insight into its price action.
For several months, I’ve been closely watching the SSPI as it struggled to break above the critical 2,600 to 2,640 resistance zone, repeatedly emphasizing that a breakout above this level would be a strong bullish confirmation for silver.
Thanks to recent impressive rallies in both copper and gold, that long-anticipated breakout has finally occurred, signaling that a significant move in silver is likely imminent.
One of the key drivers behind the surge in copper, silver, and gold since the start of the year has been the sharp decline in the U.S. Dollar Index.
Since the Dollar Index and precious metals have an inverse relationship, a weakening dollar typically fuels bullish momentum in gold and silver, while a strengthening dollar applies downward pressure.
The dollar’s surge leading up to and following the U.S. presidential election triggered a steep drop in gold and silver, leading many to believe the rally was over—but as I pointed out at the time, that wasn’t the case.
There is a high probability of further significant declines in the U.S. Dollar Index, as it currently sits at one of its most overvalued levels relative to other fiat currencies in over 120 years of data—the last instances being 1933 and 1985, both of which were followed by sharp dollar weakness.
If history repeats, this would be extremely bullish for the entire commodities sector, including copper, gold, silver, and mining stocks, given the strong inverse relationship between the dollar and commodities.
Finally, let’s examine where silver stands after its strong gains since the start of the month. COMEX silver futures have successfully broken above the critical $32–$33 resistance zone, which had acted as a ceiling for much of the past year—a highly bullish development.
The next key hurdle is the $34–$35 resistance zone just overhead. Once silver clears this level, I believe it will enter a powerful bull market, rapidly climbing to $40, $50, $60, and beyond.
While many silver investors are feeling pessimistic after watching gold surge while silver struggled over the past year, I see things differently.
I see a strong parallel between silver’s $32–$33 resistance zone, which has acted as a ceiling for much of the past year, and gold’s $2,000–$2,100 resistance zone, which capped its upside from 2020 until 2024.
Once gold finally broke above that level, it exploded higher—and I believe silver is on the verge of doing the same.
In summary, the stars are aligning for copper, which has surged 25% after breaking out of its triangle pattern and now sits just below the key $5–$5.20 resistance zone—a breakout above should ignite a full-fledged bull market.
This would also be highly bullish for silver, given their strong correlation and the trading algorithms that link their movements.
Additionally, with the overvalued U.S. dollar likely to normalize soon, the entire commodities sector, including copper, silver, gold, and mining stocks, should explode higher. This is an exciting moment for hard asset investors. Continue reading →
Gold holds above $3,000 ahead of Fed
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