Silver is trading around $40.6 per ounce, near its highest level since 2011. Positive sentiment stems from expectations of a Fed interest rate cut this month and growing safe-haven demand amid uncertainty over US tariff policy.
On the industrial front, silver's prospects are also supported by surging demand for the green energy sector. China's solar cell exports surged more than 70% in the first half of this year, particularly to India, strengthening the outlook for global silver consumption.
Silver prices at the time of writing were up 2.21% at $40.653/Toz.
DISCLAIMER
Note: This article is for analytical purposes only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.(ayu)
Source: Newsmaker.id
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