Gold, silver brace for swings next week on US data, Venezuela turmoil: Analysts

Gold and silver prices are likely to witness sharp swings next week as traders weigh key economic data and brace for heightened geopolitical uncertainty after US forces captured Venezuelan President Nicolas Maduro, analysts said. Investors will focus on key US data points, including ISM Manufacturing, December ADP employment numbers, and the unemployment rate, along with…

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Soaring silver forces Chinese PV panel makers mull price hike in Q1

Soaring silver prices have begun to impact the global solar power industry, particularly the photovoltaic sector. Chinese manufacturers of solar photovoltaic (PV) cells or panels plan to hike prices during the current quarter or cut production.  China dominates global solar panel manufacturing, producing over 80 per cent of the world’s panels, cells, and wafers, controlling…

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CME Group raises margins for precious metals complex; silver takes the biggest hit

US-based CME Group has raised the initial margin and holding positions’ fee for all precious metals, with silver witnessing the second hike within a week. The CME Group,  which operates major derivatives exchanges such as CME, COMEX, CBOT and NYMEX, has raised the initial margin for silver to $32,500 from $25,000 for non-speculative accounts for…

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