As the tension escalates in the Russia-Ukraine conflict, it’s causing ripples in the world of precious metals. Silver (XAG) as a result, saw a substantial bounce on the USD; a trend that financial analysts had not expected. This comeback is fueled by the uncertainty that the geopolitical situation presents, fostering a clear ‘flight-to-safety’ scenario among global investors.
People are shifting their investments to tangible assets such as Gold and Silver – considered to be safe havens during times of economic unrest. The increased demand for these metals subsequently drives up their price. With conditions showing no signs of immediate resolution, it’s likely that we’ll see Silver continue to strengthen against the USD in the coming days and weeks.
In these turbulent times, it once again becomes clear how global events can influence market dynamics, even in spheres seemingly unconnected to the fighting fields of war. Read More
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