The silver market is enduring hefty selling pressure, observable in this week’s performance. Traders and market pundits alike are keeping a wary eye on the delicate equilibrium of demand and supply factors. This, coupled with macroeconomic uncertainties which are increasingly impacting the strength of leading global currencies. On one hand, silver demand, particularly for industrial applications, has been significantly robust, shielding it from falling to more perilous depths. On the other, factors such as inflation fears, interest rate considerations, and broader market sentiment are leading to a sell-off, thereby applying downward pressure on prices. All in all, the intense selling pressure and market volatility continue to rest heavy on silver’s outlook for the foreseeable future. Read More
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