Silver Breaks Records as Gold Moves Higher on U.S. Economic Worries
Silver has surged past $65 per ounce for the first time, reacting to fresh signs of weakness in the U.S. economy as the unemployment rate increases.
The latest data has pushed investors to believe that interest rate cuts may arrive earlier than expected. At the same time, gold prices have risen as more people seek safe places to store their money during uncertain economic conditions.
Silver is also benefiting from a different kind of strength. Demand from clean energy projects and modern technology continues to grow while supply remains tight, creating steady pressure on prices.
In your view, do silver and gold still have upside potential, or are prices moving too far, too fast?
Share your opinion, like the post, and follow for daily market insights.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Silver Breaks Records as Gold Moves Higher on U.S. Economic Worries
Silver has surged past $65 per ounce for the first time, reacting to fresh signs of weakness in the U.S. economy as the unemployment rate increases.
The latest data has pushed investors to believe that interest rate cuts may arrive earlier than expected. At the same time, gold prices have risen as more people seek safe places to store their money during uncertain economic conditions.
Silver is also benefiting from a different kind of strength. Demand from clean energy projects and modern technology continues to grow while supply remains tight, creating steady pressure on prices.
In your view, do silver and gold still have upside potential, or are prices moving too far, too fast?
Share your opinion, like the post, and follow for daily market insights.