Price of Silver Climbs to 11-Year High Above $30 | Silver News & Chart Analysis

Silver is drawing attention this week after surging to an 11-year peak, surpassing the significant $30 threshold. According to the markets it seems to be fueled by its appeal as a safe-haven asset, the weakness of the U.S. dollar, and its widespread industrial uses.

Amidst the ongoing Middle Eastern conflict and Russia’s invasion of Ukraine, investors are increasingly turning to silver and other precious metals to safeguard their investments against geopolitical instability. This trend could persist this week, especially following reports of a helicopter crash involving Iran’s President Ebrahim Raisi in the mountains on Sunday.

00:00 Intro
00:10 Silver news update
05:18 Silver price chart analysis
07:51 Recap

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