Silver Rates Fall First Time In 5 Days; But Silver Prices In Chennai, Hyderabad, Kerala Still Above.
Silver rates in India crashed significantly, sending a shockwave towards metal stocks and commodity market on January 30. 1Kg silver dropped for the first time in five days, with price pulling back from Rs 4 lakh mark. However, in cities like Chennai, Hyderabad and Kerala, silver is still priced above Rs 4 lakh per 1Kg. The reason behind the latest sharp downfall in silver is due to profit booking and substantial rebound in dollar.
1Kg silver price tumbled by Rs 15,000 to Rs 3,95,000 on January 30, while 100 grams and 10 grams silver dipped by Rs 1,500 and Rs 150 to Rs 39,500 and Rs 3,950 respectively. Despite the latest decline, silver rates are still on the path to give more than 65% returns in January 2026.
Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility
(Kitco News) - The entire world has been captivated by gold’s and silver’s surging momentum as prices hit record high after record high; however, the Federal Reserve Chair is not very impressed with the precious metals’ accomplishments.
Many analysts have attributed gold’s and silver’s unprecedented start to the new year, in part, to growing uncertainty surrounding the Federal Reserve’s political independence; however, during his monetary policy press conference, Powell dismissed those concerns.
“The argument can be made that we are losing credibility, but that simply is not the case. If you look at wherein flation expectations are, our credibility is right where it needs to be,” he said. “We don't get spun up over particular asset change prices, although we do monitor them, of course.
Powell made the comments after the Federal Reserve decided to leave the federal funds rate in a range between 3.50% and 3.75% following its first monetary policy meeting of the year. The decision was in line with economists' expectations. According to the CME FedWatch Tool, markets don’t see the next rate cut until June.
While Powell has been fairly quick to dismiss the precious metals’ historic rally, the same can be said for the gold market, which has largely ignored Powell's comments as he walked a fairly neutral line.
He said that both upside risks to inflation and downside risks to the labor market have eased.
“We think we are well-positioned here to watch how the economy unfolds,” he said.
At the same time, Powell also kept the door open for a potential rate hike. #gold #XAUUSD #silver #XAGUSDT实操指南 $XAU
Powell dismisses gold’s rally above $5,300, says Fed is not losing credibility
(Kitco News) - The entire world has been captivated by gold’s and silver’s surging momentum as prices hit record high after record high; however, the Federal Reserve Chair is not very impressed with the precious metals’ accomplishments.
Many analysts have attributed gold’s and silver’s unprecedented start to the new year, in part, to growing uncertainty surrounding the Federal Reserve’s political independence; however, during his monetary policy press conference, Powell dismissed those concerns.
“The argument can be made that we are losing credibility, but that simply is not the case. If you look at wherein flation expectations are, our credibility is right where it needs to be,” he said. “We don't get spun up over particular asset change prices, although we do monitor them, of course.
Powell made the comments after the Federal Reserve decided to leave the federal funds rate in a range between 3.50% and 3.75% following its first monetary policy meeting of the year. The decision was in line with economists' expectations. According to the CME FedWatch Tool, markets don’t see the next rate cut until June.
While Powell has been fairly quick to dismiss the precious metals’ historic rally, the same can be said for the gold market, which has largely ignored Powell's comments as he walked a fairly neutral line.
He said that both upside risks to inflation and downside risks to the labor market have eased.
“We think we are well-positioned here to watch how the economy unfolds,” he said.
#ERA I had $0.2 usdt in my binance account yesterday . as I received notification of #ERA listing,I prepared my self for the exact time . and as $ERA listed I started future trade with that 0.2 usdt.And now you all can see my account balance . my opinion is that, you should wait for the right time and right coin patience and keenness is the key to crypto trading either spot trading or future trading. some of my friends gave up as they lost their first trades.I insisted that to start trading with minimum amount,so that while learning one have to loose trades multiple times.but this makes you master for your big trades
Trump says crypto regulation bills that failed to advance earlier now have the votes to move forward #DayTradingStategy President Donald Trump said Tuesday that a group of House Republicans who blocked several cryptocurrency regulation bills from moving forward earlier in the day had changed their minds following a White House meeting, and would now vote to advance the legislation. "I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass the GENIUS Act and, after a short discussion, they have all agreed to vote tomorrow morning in favor of the Rule," Trump wrote on Truth Social shortly before 9 p.m. ET. Trump said that House Speaker Mike Johnson called into the meeting and "looks forward to taking the Vote as early as possible."
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#BlackRock, the world’s largest asset manager, continues to deepen its exposure to crypto assets, purchasing over $217 million in Bitcoin (BTC) and Ethereum (ETH) in a single day through its spot ETFs.
According to market data, BlackRock’s iShares Ethereum Trust (ETHA) acquired 20,955 ETH, valued at $53.2 million on July 7.
The move brings the fund’s total Ethereum holdings to approximately 1.5% of the entire ETH supply, achieved in less than 12 months since the fund’s launch.
BlackRock now holds more than 700,000 BTC
Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) purchased 1,388 BTC worth $164.3 million on the same day. This brought the total number of Bitcoin held under IBIT to 700,307 BTC, solidifying the fund’s position as the largest Bitcoin ETF by assets under management.
Notably, IBIT’s trading volume also spiked on July 7, reaching $2.3 billion, indicating heightened investor participation as Bitcoin’s price continues to trade above $108,000.
These acquisitions mark a key milestone: BlackRock now holds more than 700,000 BTC, underscoring the asset manager’s increasing conviction in Bitcoin’s long-term role as a macro hedge and institutional-grade asset. $BTC $ETH
According to Bloomberg data reported by Balchunas, WisdomTree’s Bitcoin Fund (WBTC) also gained momentum in trading volumes, with a nearly 1,200% increase to $154 million on February 20th compared to the total daily volume average. #Write2Earn #ETF $BTC $ETH $starknet
Today's Cryptocurrency Prices by Market Cap,The total volume in DeFi is currently $4B, 9.95% of the total crypto market 24-hour volume. The volume of all stable coins is now $35.4B, which is 88.05% of the total crypto market 24-hour volume. Bitcoin's dominance is currently 52.85%, an increase of 0.17% over the day.#BTC #sol $BTC $ETH $SOL