Silver prices fell sharply after plummeting more than 7% in the last two sessions, following the decline in gold prices. Currently, silver is weakening amid market concerns that the precious metal's rally has accelerated too quickly. Investors are also beginning to weigh the impact of US-China trade tensions and new sanctions against Russia, which have shaken global commodity markets.
However, some analysts believe this pressure could be temporary. Industrial demand for silver—particularly for solar panels and electronic devices—remains high and has the potential to support prices in the medium term. If the US dollar weakens and the Fed actually cuts interest rates, silver could shine again.
The price of silver at the time of this analysis was released was $48,252.
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
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