Silver Prices Rises as Demand Trends Rise
Silver prices were trading around $36.90 an ounce on Thursday , up about 1.1% from the previous day. That’s a gain of about 28% so far this year . The rally comes as investors monitor U.S. economic data and demand trends that support the white metal.
The price movement is happening in global markets, largely driven by investors and analysts from institutions such as MarketWatch, the Financial Times, and Barron’s who continue to view silver as an attractive asset . Industries—especially the electronics and renewable energy sectors—consume more than 80% of silver production, more than historically. Investors are also increasingly shifting money into silver ETFs such as the iShares Silver Trust (SLV), which has billions of dollars under management.
The price rally is driven not only by industrial factors—silver supplies continue to dwindle, with annual deficits for five straight years—but also by safe-haven investors seeking protection from inflation, geopolitical uncertainty, and the potential for a Fed rate cut . In addition, regulatory changes such as making silver a legal tender in several US states (Florida, Texas) also increase investor interest.
Source: Newsmaker.id (Arl)
