Silver prices rose to $38.05 on Thursday (August 7), marking a fifth consecutive day of gains. This increase was supported by a weakening US dollar and market concerns over President Trump's planned additional tariffs on China and Japan. Risk-off sentiment drove investors into safe-haven assets like silver.
Expectations for a Fed interest rate cut were also a key driver. Weak US employment data strengthened the chances of policy easing, supporting precious metal prices. The market now awaits jobless claims data for short-term direction.
At the time of writing, silver was up 0.68% at $38.063/Toz.
DISCLAIMER
Note: This article is for analysis only and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.
Source: Newsmaker.id-
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