Spot Silver Breaks Above $93.43 per Ounce
Latest market data shows that spot silver has surged by 6% during the session, currently trading at $93.43 per ounce, indicating strong upward momentum.
This rise in silver prices is driven by multiple factors, including heightened global economic uncertainty, rising inflation expectations, and a weaker US dollar.
- Market sentiment has clearly improved
- Demand for precious metal investments is increasing
- Trading volume in silver futures spikes
Analysts note that silver’s appeal as a safe-haven asset is growing, suggesting further upward potential in the near term.