Silver prices (XAG/USD) experienced a correction to around $30.20 per troy ounce on Monday (13/1), slightly reversing some of its gains recorded last month, as the dollar strengthened following stronger-than-expected US jobs data.
Looking ahead, investors are focused on US inflation data this week for further insight into the direction of Fed policy. Despite the recent decline, silver has jumped almost 3% last week, marking its best weekly performance since mid-November. Meanwhile, silver's value continues to be supported by strong industrial demand, especially in renewable energy technology and electronics, as well as ongoing supply concerns.
Silver prices at the time of this news release were at $30.238/ Toz.
Sumber: Newsmaker
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