New York silver futures surpass USD 33/oz, up 1.15% intraday.

New York silver futures surpass USD 33/oz, up 1.15% intraday.

New York silver futures prices surpassed USD 33 per ounce on May 13, 2025, marking a significant intraday increase of 1.15%. This surge in silver prices follows a period of volatility driven by geopolitical uncertainties and shifts in global economic policies.

The silver market has been closely monitored for its role in industrial applications and as a safe-haven asset. Recent developments in global trade negotiations, particularly between the United States and China, have contributed to the market's fluctuations. The announcement of formal trade talks between the U.S. and China [2] has been a significant factor, as it has influenced investor sentiment and commodity prices.

The rebound in silver prices is also reflective of broader market dynamics. Gold prices, which have been closely correlated with silver, have shown similar trends. Gold prices rose to a two-week high on Tuesday, supported by post-holiday buying from China [3]. The London Bullion Market Association reported that gold held in London vaults totalled 8,536 metric tons in April, indicating a return of bullion from the U.S. [4].

Moreover, the launch of the EU Carbon Allowance - EUA 2 futures by Intercontinental Exchange (ICE) [5] has added to the market's complexity. This new futures contract is designed to support the European Union's Emissions Trading System 2 (ETS2), which aims to regulate carbon emissions from fuel combustion in buildings and road transport. The introduction of EUA 2 futures aligns with broader efforts to decarbonize the economy and manage compliance risks.

Key market participants have endorsed the launch of EUA 2 futures, highlighting its importance in enabling price transparency and incentivizing investment in low-emission technologies. The contract joins ICE's extensive portfolio of environmental products, which facilitate trading across global carbon and renewable energy programs.

In conclusion, the recent surge in silver prices is a result of a combination of geopolitical uncertainties, global economic policies, and broader market dynamics. As trade negotiations and environmental regulations continue to shape the commodity landscape, investors will need to stay informed and adapt their strategies accordingly.

References:

[1] Investing.com. (2025, May 09). Gold prices rebound slightly as markets eye U.S.-China trade talks after U.K. deal. Retrieved from https://www.investing.com/commodities/silver

[2] U.Today. (2025, May 08). ’Rich Dad Poor Dad’ Author: Bitcoin Is Your Defense In Current Global Insanity - ‘Prepare for Crash’. Retrieved from https://www.utoday.com

[3] Reuters. (2025, May 06). Gold rises over 2%, spotlight on Fed meet. Retrieved from https://www.reuters.com

[4] Reuters. (2025, May 08). Gold reserves in London vaults rise in April as bullion returns from US. Retrieved from https://www.reuters.com

[5] RTTNews. (2025, May 6). ICE launches EUA 2 futures support EU carbon market expansion. Retrieved from https://www.nasdaq.com/articles/ice-launches-eua-2-futures-support-eu-carbon-market-expansion