Silver prices fell to $40.80 per ounce on Thursday, opening the European session (September 4th) due to profit-taking after a sharp rally. The market remains optimistic as the Fed is almost 98% certain to cut interest rates this month.
From the industrial perspective, demand for silver remains strong thanks to a surge in Chinese solar panel exports, making the metal attractive as both a safe haven asset and an industrial commodity.
The silver price at the time of writing was up -0.76% to $40.892/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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