Silver Regains Pressure, Safe Havens Sought Even More
Silver surged again and broke above a key psychological level, extending the record-setting trend that has been in place for the past few days. The driving force is clear: the market is seeking a "safe haven" as global risks rise again.
The primary driver comes from a combination of geopolitical and trade tensions. When uncertainty intensifies, precious metals like silver typically seek refuge because they are considered more resilient than riskier assets.
From Washington, US President Donald Trump further fueled sentiment by threatening to raise tariffs on South Korean goods. This tariff threat has raised market concerns about a widening trade war, which typically boosts demand for safe havens.
Another focus is this week's Fed meeting. While many expect interest rates to remain unchanged, attention is focused on the issue of the Fed's independence and rumors that Trump could announce a new Fed chair candidate soon.
Furthermore, silver is also supported by the "debasement trade" narrative: investors are reducing their holdings in bonds and currencies and shifting funds to real assets like precious metals. Concerns about large fiscal spending in various countries are fueling this shift.
In short, silver is in "hot" mode again: global risk factors, tariff drama, and US policy uncertainty are keeping capital flows toward safe haven assets. As long as political headlines and dollar sentiment remain shaky, silver has the potential to remain volatile. (asd)
Source: Newsmaker.id
