Silver climbed above $89 per ounce on Wednesday, hitting fresh record highs as investors sought safe-haven exposure amid geopolitical tensions, rising fiscal debt, and concerns over the independence of the US Federal Reserve.
Expectations of further Fed rate cuts this year also underpinned prices, following US inflation data that largely met forecasts.
Robust investment flows and strong industrial demand, driven by the global transition to clean energy technologies and artificial intelligence, further supported the bullish outlook.
On the supply side, silver remains in a multi-year deficit, exacerbated by tight liquidity in the London market.
Tariff uncertainties and the metal’s designation as a critical mineral in the US added further price support.
By: via 🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
