Silver has once again demonstrated its mettle as an investment haven, rocketing to a fresh record of near $79. This unprecedented surge has primarily been driven by an intriguing blend of factors. From anticipations of Federal Reserve rate cuts to the tightening supply landscape, the rally in silver prices has ultimately been supercharged.
Markets are increasingly pricing in the possibility of rate cuts from the Federal Reserve. This has historically been a positive for commodities, including silver, as it implies a weaker US dollar and thereby makes commodities cheaper for holders of other currencies.
Further fueling this rally is the fact that silver, unlike gold, has significant industrial applications. With supply chains across the globe still reeling from disruptions caused by the pandemic, the supply of silver has tightened. This has only amplified the rally, leading to this record-breaking trajectory.
Silver’s impressive performance highlights it as a resilient investment that can provide significant returns and underscores its value as a critical industrial commodity. Read More
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