Silver prices jump 4% as safe-haven demand returns, but still on track for 6% drop in Nov
3 weeks, 4 days ago

Silver prices jump 4% as safe-haven demand returns, but still on track for 6% drop in Nov

Live Mint  

Silver prices staged a significant recovery in today's trade, November 29, driven by heightened safe-haven demand amid escalating geopolitical risks. Easing tensions in the Middle East, economic uncertainties in China—the world’s largest silver consumer—and concerns over the potential negative impact of U.S. President-elect Donald Trump’s policies on the renewable energy sector weighed heavily on prices. Silver prices have also drawn support from the latest U.S. economic data, which underscores the economy's resilience, dampening expectations of a rate cut by the Federal Reserve in its December meeting. Prices outperform gold despite sharp drop in Nov Despite the sharp decline in November, silver prices are still trading 23.53% higher compared to the closing level of 2023.

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