Silver, a precious metal in the global economic market, is facing resistance in its climb at the $31 mark. The silver market has had its fair share of ups and downs, largely affected by the lurking shadows of global economic uncertainties and speculative trading.
The struggle with the $31 price range is a result of several factors including, the strengthening of the US dollar, the speculation around the Federal Reserve’s interest rate strategy, and the ongoing geopolitical tensions that shroud the global economic landscape.
Yet, despite these struggling moments, experts are optimistic. Many believe silver will have a break out performance and surpass the $31 mark, and with good reason. The demand for silver is climbing, particularly in industrial sectors, where it is used in the production of solar panels and electric vehicles. All said, the silver market is one to watch closely in 2025. Read More
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