SILVER is recording significant gains today, reaching nearly 2.3%. These movements are driven by widespread optimism surrounding precious metals.
In recent days, the instrument has reached its highest levels in a decade, with prices reaching $46 per ounce, nearly 56% more than at the beginning of the year. The increase is driven by both macroeconomic and structural factors: Fed rate cuts, a weakening dollar, fears of stagflation, and geopolitical uncertainty. This makes silver, alongside gold, a preferred asset for capital protection.
At the same time, however, in the photovoltaic (PV) sector, one of the largest consumers of silver, the sharp rise in prices is forcing aggressive cuts in the use of this metal. According to a Metals Focus analysis, the average silver content in modules has already fallen by 20% in 2024 and could fall by another 15% or more in 2025. Currently, silver accounts for 11-13% of the module price, which is creating technological pressure to quickly introduce substitute solutions.
SILVER continues its impressive growth, which, in terms of momentum, has reached its highest levels since 2011, as measured by the 14-month RSI indicator.

Source: xStation
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