The precious metals market has recorded a significant increase in silver prices. Spot silver has recovered to $87 per ounce — a level not seen since February. According to the analytical platform Jin10, the gain over the last trading sessions was 2.87%, indicating active reshaping of investor interest in this precious metal.
Futures Market Dynamics in New York
Alongside the spot market, futures contracts also developed. Silver futures on the New York exchange reached $87 per ounce. During the same period, futures showed a growth of 5.66%, surpassing the increase in spot silver and indicating greater interest from speculators and hedgers. This divergence in dynamics usually reflects market participants’ expectations regarding future price movements.
What Drives the Silver Price Recovery
The recovery of precious metal prices occurs amid global processes in financial markets. The online price of silver is traditionally sensitive to movements in interest rates and the strength of the US dollar. Reaching the level of $87 per ounce highlights a return of demand for precious metals as a portfolio protection tool in times of uncertainty.
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Silver shows signs of recovery: the online silver price has risen to $87 per ounce
The precious metals market has recorded a significant increase in silver prices. Spot silver has recovered to $87 per ounce — a level not seen since February. According to the analytical platform Jin10, the gain over the last trading sessions was 2.87%, indicating active reshaping of investor interest in this precious metal.
Futures Market Dynamics in New York
Alongside the spot market, futures contracts also developed. Silver futures on the New York exchange reached $87 per ounce. During the same period, futures showed a growth of 5.66%, surpassing the increase in spot silver and indicating greater interest from speculators and hedgers. This divergence in dynamics usually reflects market participants’ expectations regarding future price movements.
What Drives the Silver Price Recovery
The recovery of precious metal prices occurs amid global processes in financial markets. The online price of silver is traditionally sensitive to movements in interest rates and the strength of the US dollar. Reaching the level of $87 per ounce highlights a return of demand for precious metals as a portfolio protection tool in times of uncertainty.