Silver prices rebound strongly, attracting market attention
With rising global economic uncertainties, the precious metals market is witnessing a new wave of gains. Recently, spot silver prices surged sharply, breaking above the critical resistance level of $90 per ounce with over 5% gains in a day, drawing significant investor interest.
Powerful recovery from recent lows
Silver prices have rebounded more than $18 from this week's lows, demonstrating strong demand for the metal. Amid ongoing geopolitical risks and inflationary pressures, silver's appeal as a safe-haven asset has once again gained traction.
What do investors think about silver's trend?
- Analysts say silver's technical outlook is now bullish, with short-term prices likely to rise further.
- Some institutional investors are increasing their exposure to silver to diversify risk.
- Market sentiment is positive, with traders generally expecting silver to test higher levels.
Overall, the bullish trend in silver is taking shape, making its future trajectory worth watching closely.