The price of silver witnessed a steep surge on Friday effortlessly surpassing the $80 mark. The surge has been credited to the weakened job creation numbers released recently. Economists suggest that the perceived decrease in economic vigour has encouraged investors to diversify their portfolios with precious metals. This move aims to maintain stability and hedge against inflation, leading to a heightened demand in the market for silver, thus driving the price upwards. Analysts predict continued volatility based on ongoing economic trends. Silver presents a compelling investment opportunity owing to its extensive industrial applications and role as a store of value. The market will be closely watching in anticipation of the next economic indicators to further assess investment strategies. Read More
Leave a Reply