The price of silver is currently at $37,201, up around 0.56% in today's trading. This strengthening is supported by increased investor interest in safe-haven assets amid global uncertainty. Trade tensions between the US and several major economies, including President Trump's new tariff plans, have made the market more cautious and boosted demand for precious metals like silver.
Fundamentally, silver's prospects are also supported by persistently high industrial demand, particularly from the technology and clean energy sectors, such as solar panels. Despite concerns about a global economic slowdown, recent data shows that physical silver demand remains stable. As long as macroeconomic uncertainty and the Fed's interest rate policy remain unclear, silver has the potential to remain supported by a combination of safe-haven factors and industrial demand.
Source: ayu-Newsmaker.id
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