Silver prices traded around $39,017 on Monday (July 14th), hitting a new 14-year high as demand for safe-haven and industrial metals increased. This surge was driven by market concerns over global trade tensions after US President Donald Trump announced additional tariffs on a number of major trading partners.
Meanwhile, expectations of a reduced interest rate cut by the Fed were not enough to halt silver's rally, as demand for this industrial metal remained strong, particularly from the renewable energy and manufacturing sectors.
Source: Newsmaker.id
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