Silver reached $48,202 per ounce this morning, indicating positive sentiment in the precious metals market. This price increase was driven by the ongoing global economy and the impact of delayed US employment data due to the government shutdown, prompting investors to increasingly seek safe-haven assets such as silver and gold. Furthermore, central banks' expected moves to cut interest rates also increased the appeal of this non-interest-bearing precious metal.
However, despite silver's significant rise, analysts caution investors to remain cautious as the potential for a short-term correction remains as the market awaits further economic data and monetary policy decisions. If the downward trend in interest rates continues, silver could continue to find support, but price movements could still be influenced by high global market volatility. Therefore, silver remains an attractive option, but a well-thought-out strategy is required to navigate market dynamics.
The price of silver at the time of this analysis was $48,202.
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id