Global silver prices have declined recently, following a major rally at the beginning of the year. One of the main factors is profit-taking—meaning investors who previously bought during the high price are now starting to take profits and sell.
In addition, slightly improving global economic conditions have led to a slight decrease in demand for safe-haven assets like silver. Meanwhile, the supply of silver from mining and recycling has not seen a significant increase, creating uncertainty for market participants.
Although prices are falling, this does not mean silver's long-term prospects are weak. Demand for industrial uses such as solar panels, electronics, and electric vehicles continues to grow, so for some investors this could be a buying opportunity at lower prices. (az)
Source: Newsmaker.id
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