Silver prices have rallied again as US bond yields fall and expectations mount that the Fed will cut interest rates at its December meeting. This has made non-yielding assets like silver attractive again, especially since its movements tend to be more aggressive than gold.
Going forward, silver's direction will be heavily influenced by two factors: expectations of a Fed rate cut and industrial demand, particularly from the solar energy sector. If sentiment for easing interest rates persists and silver's demand for production remains high, upside potential remains open, although the risk of a correction remains important to be aware of after the rapid rally in recent days. (asd)
Silver price at the time of this analysis was released was $53,353.
Disclaimer: This article is analytical in nature and does not constitute a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
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