Silver prices are holding in positive territory, nearing a three-week high as investors digest the Fed's cautious stance on interest rate cuts. The Fed's uncertainty around inflation and proposed tariffs under President-elect Trump have kept market participants on edge, bolstering demand for silver as a safe-haven asset.
In addition, strong industrial demand for silver, driven by its critical role in renewable energy and electronics technologies, has further boosted its value.
Supply constraints, including labor strikes and operational disruptions in mining, have exacerbated the supply deficit, putting upward pressure on prices. In addition, ongoing geopolitical tensions and economic policy uncertainty have contributed to volatility, prompting investors to seek stability in precious metals such as silver.
Until this news was released, the price of Silver was at the level of $ 30,300
Source: Newsmaker.id
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