Silver prices reach 12-year high at $34.00 due to bullish market conditions and low interest rates.
Silver prices have reached a 12-year high of $34.00, driven by bullish market conditions and declining global interest rates. Current indicators suggest overbought conditions, prompting traders to consider a potential pullback. A break above $33.45 could target $35.00, while a drop below $33.00 may trigger a sell-off. A significant supply/demand deficit is expected in 2024, fueling optimism for further price increases in the coming years.
October 21, 2024
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