Silver prices edged higher today after previously surging to their highest level in over a decade, driven by two main factors: strong industrial demand (particularly from the solar and electronics sectors) and a multi-year supply deficit. Meanwhile, while real interest rates and a strong US dollar are putting pressure on precious metals, as they don't yield interest, silver remains supported by its position as a strategic industrial metal—not just a safe haven asset.
The price of silver at the time of this analysis was $47,629.
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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