Silver bulls are reclaiming control after a recent sharp correction, even amid rising U.S. bond yields and a relatively flat dollar index. The resilience in silver is mirrored across the broader metals and bullion complex, with oil prices also ticking higher, signaling a coordinated uptick in commodity markets.
The momentum appears to be driven by a combination of factors. Anticipation surrounding China's press conference on Saturday, coupled with ongoing geopolitical developments in West Asia, has bolstered investor sentiment for safe-haven assets like gold and, notably, silver. These developments have amplified buying interest across the metals space, as markets await developments.
The momentum appears to be driven by a combination of factors. Anticipation surrounding China's press conference on Saturday, coupled with ongoing geopolitical developments in West Asia, has bolstered investor sentiment for safe-haven assets like gold and, notably, silver. These developments have amplified buying interest across the metals space, as markets await developments.
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