XAG/USD HOLDS GAINS ABOVE $31.00 DUE TO RENEWED SAFE-HAVEN DEMAND
XAG/USD HOLDS GAINS ABOVE $31.00 DUE TO RENEWED SAFE-HAVEN DEMAND
Silver (XAG/USD) is maintaining its value above the $31.00 per ounce mark, supported by increased demand for safe-haven assets.
Recent geopolitical tensions, including military actions and threats, have heightened uncertainty, prompting investors to seek stability in precious metals like silver.
While silver's industrial applications contribute to its demand, current market dynamics are more influenced by its role as a safe-haven asset amid geopolitical and economic uncertainties.
Analysts anticipate that silver's price will continue to be influenced by geopolitical developments and investor sentiment toward safe-haven assets.
