Silver prices rallied again in today's trading, hovering around US$41 per troy ounce. This level is approaching a 14-year high and is a major highlight in the commodities market.
The rise in silver prices was driven by high demand for safe-haven assets. Investors are increasingly confident that the Federal Reserve (The Fed) will cut interest rates soon after a series of weakening US economic data. This monetary easing has triggered capital inflows into precious metals, including silver, which is considered a hedge against uncertainty.
Source : Newsmaker.id
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