Gold holds gains as silver surges 7.4% on trade optimism

Kitco05-11

Gold futures extended their recent winning streak Monday, posting a fourth higher close in five sessions. The contract settled at $4,745 per ounce, up $21.90, or 0.48%, on the day, a solid if measured...

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The contract settled at $4,745 per ounce, up $21.90, or 0.48%, on the day, a solid if measured...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-05-11/gold-holds-gains-silver-surges-74-trade-optimism\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold holds gains as silver surges 7.4% on trade optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold holds gains as silver surges 7.4% on trade optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-11 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/opinion/2026-05-11/gold-holds-gains-silver-surges-74-trade-optimism><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gold futures extended their recent winning streak Monday, posting a fourth higher close in five sessions. The contract settled at $4,745 per ounce, up $21.90, or 0.48%, on the day, a solid if measured...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-05-11/gold-holds-gains-silver-surges-74-trade-optimism\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GLTR","symbol_name":"abrdn Physical Precious Metals Basket Shares ETF","start_time":0,"source_url":"https://www.kitco.com/opinion/2026-05-11/gold-holds-gains-silver-surges-74-trade-optimism","article_id":"2634259847","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/opinion/2026-05-11/gold-holds-gains-silver-surges-74-trade-optimism","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2634259847","pubTimestamp":1778513040,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"Gold futures extended their recent winning streak Monday, posting a fourth higher close in five sessions. The contract settled at $4,745 per ounce, up $21.90, or 0.48%, on the day, a solid if measured","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLTR":"abrdn Physical Precious Metals Basket Shares ETF","ZSL":"Proshares二倍做空白银ETF","SLVR":"Sprott Silver Miners & Physical Silver ETF","SIVR":"Abrdn Silver ETF Trust","XME":"金属与采矿指数ETF-SPDR","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","PICK":"iShares MSCI Global Metals & Mining Producers ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","SIL":"Silver Miners Etf","BK4585":"ETF&股票定投概念","AGQ":"2倍做多白银ETF-ProShares","BK4588":"碎股","SILJ":"Amplify Junior Silver Miners ETF","BK4547":"WSB热门概念","KSLV":"Kurv Silver Enhanced Income ETF","SLVP":"iShares MSCI Global Silver and Metals Miners ETF","SLV":"白银ETF-iShares","BK4535":"淡马锡持仓","GBUG":"Sprott Active Gold & Silver Miners ETF","CEF":"Sprott Physical Gold & Silver Trust","PSLV":"Sprott Physical Silver Trust"},"translate_title":"黄金保持涨势，白银因贸易乐观情绪飙升7.4%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIVR":1.5,"GBUG":1.5,"XME":1.5,"GLTR":1.5,"BEGS":1.5,"CEF":1.5,"GOAU":1.5,"SLV":1.5,"SIL":1.5,"ZSL":1.5,"SLVR":1.5,"AGQ":1.5,"PSLV":1.5,"KSLV":1.5,"SILJ":1.5,"PICK":1.5,"SLVP":1.5},"content_text":"Gold futures extended their recent winning streak Monday, posting a fourth higher close in five sessions. The contract settled at $4,745 per ounce, up $21.90, or 0.48%, on the day, a solid if measured advance that nonetheless understated the session’s drama.The most notable price action came in the opening hour of U.S. trading. Between 8:00 and 9:00 a.m. ET, as American retail and institutional participants entered the market, gold surged $62.80, or 1.34%, briefly touching an intraday high of $4,758 before pulling back through the afternoon. The opening-hour rally accounted for the bulk of the day’s volatility and set the tone for what followed.That morning advance came despite potentially bearish commentary from Indian Prime Minister Narendra Modi, who issued a call for a year-long pause in gold purchases by Indian consumers. India is consistently one of the world’s largest gold-buying nations, and such remarks would ordinarily weigh on prices. Instead, buyers in India and abroad appeared unfazed, helping absorb any selling pressure and sustaining the upward move — a signal of underlying demand strength that market participants should not overlook.Silver Steals the SpotlightThe day’s true standout was silver. Futures surged $5.97, or 7.39%, to settle at $86.80 per ounce — a new two-month high and one of the metal’s strongest single-session performances in recent memory. The move dwarfed gold’s gain by a factor of more than fifteen and demands an explanation.According to GoldSilver.com, two forces converged simultaneously to drive the move. The first is trade: the United States and China reportedly announced a 90-day tariff truce over the weekend, cutting U.S. tariffs on Chinese goods from 145% to 30% and reducing Chinese tariffs on U.S. goods from 125% to 10%. For gold, the outlet noted, that news is roughly neutral. For silver, it is a direct demand signal.The reason lies in silver’s industrial profile. According to the Silver Institute, approximately 60% of silver’s annual consumption is industrial — spanning solar panels, electric vehicle batteries, and semiconductors — with much of that supply chain running through China. When tariffs fell, traders moved quickly to reprice silver’s demand outlook. The 7% single-session move is that repricing happening in real time.Compounding the trade catalyst is a structural backdrop years in the making. The Silver Institute estimates silver has run a supply deficit for six consecutive years, with consumption consistently outpacing mine production. The 2026 deficit is projected at 46.3 million ounces, up 15% from 2025. Since 2021, roughly 762 million troy ounces have been drawn down from above-ground stockpiles. As GoldSilver.com put it: the trade truce lit the match, and six years of deficits supplied the fuel.Independent corroboration of the reported U.S.-China tariff truce had not emerged from major financial wire services at the time of this writing. That caveat is worth stating plainly. However, the scenario fits the broader diplomatic context: President Trump is expected to travel to China later this week for direct talks with President Xi Jinping, and a preliminary trade concession announced in advance of those meetings would be consistent with established negotiating patterns on both sides. No alternative explanation for silver’s outsized session move has surfaced. Until further reporting confirms or refutes the truce, this narrative remains the most credible working thesis — and if confirmed, the implications for silver’s near-term trajectory could be significant.For those that would like more information about our services click here.Wishing you as always good trading,","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2634259847","isCrawlerRequest":true}