Summary
- International silver prices rose about 3%% to $76.30 an ounce.
- The latest rise in silver prices reflected global market volatility and shifts in safe-haven demand.
- Metal prices will likely be influenced by the dollar, interest rates and geopolitical factors.
Forecast Trend Report by Period
International silver prices climbed to about $76.30 an ounce, extending a short-term rally.
Walter Bloomberg reported on June 9 that spot silver rose about 3% to $76.30 an ounce.
The advance came amid global market volatility and shifting safe-haven demand. Recent tensions in the Middle East and the broader macroeconomic backdrop have been affecting prices.
Silver, alongside gold, is considered a key precious metal asset. Markets are watching how moves in metal prices feed through to investor sentiment.
The direction of metal prices will likely depend on the dollar, interest rates and geopolitical factors.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
