Silver prices were stable during the Asian session, pressured by a strengthening US dollar and global market restrictions. Silver was trading around $47.15 per ounce, with many investors choosing to wait for further economic data before making major decisions. Despite demand from the industrial sector, concerns about a further global market downturn and a strengthening dollar have made it difficult for silver to strengthen.
However, silver remains attractive to some investors seeking a safe haven amid geopolitical tensions and economic shutdowns. Some analysts see potential for a rebound in silver, especially if market conditions stabilize and global inflation concerns ease. With the ongoing settlement, silver could strengthen again if investors seek alternatives to the dollar and bonds. (asd)
The price of silver at the time of this analysis was $47.155.
Disclaimer:
This article is analytical in nature and does not constitute definitive guidance. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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