The movement is still being driven by global sentiment, which supports demand for the precious metal. Investors are increasingly optimistic that the Federal Reserve will cut interest rates in the near future after US employment and inflation data showed signs of weakness.

These expectations of monetary easing have driven down real yields, thereby increasing the appeal of non-interest-bearing silver. In addition to monetary factors, industrial demand is also a key driver, particularly from the renewable energy, electronics, and technology sectors. As the global transition to clean energy continues, silver consumption is projected to continue to increase.

Source : Newsmaker.id