The increasing demand for silver alongside the supply-side constraints has driven the price of silver to reach a record high. Investors looking for a safe haven amidst global economic uncertainties have turned to silver, thus pushing its pricing. The industrial use of silver, particularly in the renewable energy sector, has also fueled the rising prices. Further contributing factors encompass labor strikes in major silver mines and geopolitical tensions. Silver’s unique position as both a precious metal and an industrial metal, has ensured its demand doesnât wane, indicating the prices might continue to surge. Read More
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