In the world of precious metals, silver continues to face selling pressure, solidifying its status as a prominent influencer on the trading market. Market analysts have observed both short and long-term influences that continue to compress the silver prices, notably the high USD value and less industrial demand.
Since the start of the fiscal year, investors have failed to show increased interest in silver as a safe-haven asset, thus dampening its potential price rise. The metal’s performance has been lackluster in comparison to its golden counterpart. This trend is expected to continue into the next week and until any significant economic shift occurs.
Silver remains one of the most influential commodities in the market, but its current price predicament raises questions on its performance for the forthcoming period. Traders should keep a close eye on macroeconomic events that could potentially affect silver’s much-anticipated price bounce back. Read More
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