Silver prices remain strong due to high industrial demand and limited supply. Silver is widely used in solar panels, electric vehicles, electronics, and other advanced technologies, while new production is not fast enough to meet market demand. This has led to a depletion of global physical silver stocks, supporting high prices.
Furthermore, expectations of low US interest rates and geopolitical uncertainty make silver increasingly attractive as a safe haven asset. Investors tend to buy silver to protect their wealth, especially during times of global tension or market fluctuations, so demand remains strong and prices remain relatively stable. (az)
The price of silver at the time of this analysis was $80,630.
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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