Silver prices are currently down from a 14-year high touched earlier this week. Corrective pressure emerged after a prolonged rally fueled by expectations of a Federal Reserve interest rate cut and increased safe-haven demand amid global fiscal uncertainty.
Investors are likely taking profits while awaiting clarity on the direction of US monetary policy, particularly regarding the potential for a rate cut at the upcoming meeting. Despite the correction, silver's medium-term outlook remains relatively strong. Rising geopolitical risks, global trade tensions, and surging industrial demand, particularly from the solar energy sector, remain supporting factors.
Source: Newsmaker.id
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