Silver's trading has stabilized amidst improving risk sentiment and strong demand prospects, though safe-haven appeal is waning due to positive geopolitical developments, like potential ceasefires and reduced tensions between major nations. While firm industrial demand is projected to keep silver's value supported in the medium term, subdued jewelry demand could hinder significant price increases. Market participants are closely watching upcoming Federal Reserve communications, as hints of dovish policy could reignite interest in silver, while ongoing risk-on sentiment could dampen its attractiveness in the near future.
Silver's trade is fluctuating as improved risk sentiment and strong demand expectations impact its market outlook.
The positive geopolitical developments, including a potential ceasefire in Ukraine, have diminished the safe-haven demand for silver.
In the medium term, lower interest rates may bolster silver's price, though soft jewelry demand could limit growth.
Monitoring Federal Reserve speeches will be crucial in determining the future demand for silver amid a changing policy landscape.
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