Silver, a precious metal, is the second-most traded precious metal, trailing only gold.
Demand continues to soar, driven by demand for solar panels, industrial use due to having the highest electrical conductivity, thermal conductivity, and reflectivity of any metal, and its use in water filtration, electrical contacts, conductors, or catalysis of chemical reactions. Silver is also an excellent portfolio inflation hedge and long-term investment. It is also a core metal in the next wave of green and blue innovation.
Mexico, Peru, China, and Chile are the top four silver producers. Other notable silver producers are Bolivia, Argentina, Kazakhstan, Morocco, Indonesia, Uzbekistan, Papua New Guinea, and the Dominican Republic. Silver prices could face long-term upside pressures as demand for this precious metal continues to soar, while silver miners project a decrease in supply.
Silver belongs to the seven metals of antiquity, with gold, copper, tin, lead, iron, and mercury. It often outperforms during market uncertainty, global economic issues, and high inflation but underperforms during calmer conditions. The long-term outlook for silver is
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As you can see, the silver market has initially fell a bit during the trading session and turned around to show signs of life.
It’s hard not to notice that this market continues to suffer at the hands of selling pressure.
Silver is extremely bullish overall.
Top Forex Brokers
I have noticed that Silver continues to see a lot of volatility.
it has become increasingly obvious that there are a lot of buyers out there on dips
I see clearly that this is a very bullish market, and that it should continue to strengthen.
Silver rallied a bit during the trading session on Monday but has also given back some of the gains to show signs of hesitation.
Silver has fallen initially during the early hours on Tuesday.
Silver has gone back and forth during the trading session on Monday as we continue to see a lot of noisy behavior.
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The silver market plunged during the trading session on Friday as PMI numbers in both the manufacturing and services sector have come out hotter than anticipated.
Silver rallied nicely during the trading session here on Friday, as the 50-day EMA has offered a certain amount of technical support.