
Silver gained slightly during the European session on Tuesday (November 18th), driven by safe-haven demand amidst the economy and investor confidence in the possibility of a Fed interest rate cut. Rising gold prices also supported silver, as many investors shifted part of their portfolios to the more affordable precious metal.
Furthermore, fundamental factors are strengthening silver's momentum: continued strong industrial demand, particularly from the renewable energy and electronics sectors. Compared to other instruments, silver is now starting to attract interest from medium- to long-term investors due to the projected ongoing global supply deficit.
Source: Newsmaker.id
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