Silver witnessed a dramatic slump, plunging to its lowest level near $31.00 since Trump’s unprecedented victory. This tremendous shift in the precious metal market can be mainly attributed to the adjustments made by traders following the unexpected US election results.
Moreover, speculators are closely monitoring the Federal Reserve’s forthcoming policy decisions, which invariably persuade the precious metals sector.
Despite the current volatility, experts advocate for cautious optimism given silver’s historical resilience and potential for rebound. It remains to be seen how long this pricing slump lasts and how significantly the expected Fed’s policies would impact the silver market.
Stay tuned for more updates in this dynamic and ever-evolving sector of finance. Read More
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