Silver dips below $29 due to a weakening US dollar and rising Fed rate cut speculation, signaling continued short term bearish trends.
Silver rises toward $30 as the dollar weakens. Samsung's EV tech could spark a long-term demand surge for silver.
Turns Out, Not Crazy at all
Silver (XAG/USD) hit a crucial resistance at $29.09. A breakout could signal further gains.
Inflation has risen back above the Bank of Israel's annual target range upper limit of 3%.
Gold soars near $2,460 on safe-haven demand amid global tensions and Fed rate decision, while silver struggles around $28.90. Discover key reasons & support levels.
Morgan Stanley forecasts gold to reach $2,600 by Q4 2024, driven by central bank buying, retail demand, and global turmoil.
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