Since last week, the price of spot silver has continued to rise, breaking through $110 per ounce on Monday, just one trading day after surpassing $100, with a daily gain of approximately 6%. This rapid surge reflects strong market demand for silver and a continuous rise in investor sentiment.
Market Analysis
Analysts point out that multiple factors are driving the increase in silver prices. First is the enhanced expectation of global economic growth, which is boosting demand for industrial metals. Second, rising geopolitical uncertainties are making safe-haven assets like precious metals more attractive. Additionally, some investors believe that the current inflationary environment supports commodities such as silver.
Future Outlook
Industry insiders generally believe that if the global economic recovery remains solid, silver prices could continue to rise. At the same time, investors should be wary of short-term volatility and are advised to adopt a cautiously optimistic investment strategy.