"With the current ceasefire nearing expiration, uncertainty around a potential extension is keeping investors cautious. While diplomatic efforts continue, the risk of escalation remains present."
"Expectations of a sustained deficit in the market for a sixth consecutive year reinforce the metal's bullish fundamentals, even as short-term price action remains constrained by macro and geopolitical uncertainty."
"Silver could experience increased demand, while supply could shrink this year, providing support over the medium to long term."
Silver is experiencing pressure but remains within a range as markets focus on US-Iran negotiations. The nearing expiration of the ceasefire creates uncertainty, leading to cautious investor sentiment. Diplomatic efforts continue, but the risk of escalation persists. Inflation concerns and central banks' cautious monetary policy are affecting the appeal of non-yielding assets. Kevin Warsh's upcoming hearing may influence market sentiment. A sustained market deficit for silver could bolster its fundamentals, despite short-term constraints from macro and geopolitical factors.
Read at London Business News | Londonlovesbusiness.com
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