Daily Silver News: June 24 - Silver Is Back Within a Consolidation
Silver price is below $30 again, following Friday’s sell-off of almost 4%.
Silver price is below $30 again, following Friday’s sell-off of almost 4%.
Silver price broke above $30; markets await U.S. PMI data.
Silver is breaking above the $30 level; more economic data in focus.
Silver price rebounded to $29.50; U.S. holiday lowers volatility.
Silver price keeps going sideways as markets brace for more data.
Silver price extends its short-term consolidation, remaining above $29.
Silver price continues to trade below $30 following important data this week.
Silver is fluctuating following inflation data, Fed; markets await PPI number.
Silver price continues its sideways trend despite more advances in gold.
Silver price is pulling back again, breaching the $31 level.
Silver price is closer to $31 again; markets await more data.
Silver price breached the $30 level; producer inflation data in focus.
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The interest in silver investing and trading is on the rise, mirroring the growth in industrial demand for this metal. The coming years are anticipated to witness unprecedented levels of industrial silver usage, largely driven by the expansion of the green economy, with significant investment in solar energy - photovoltaic cells in particular - along with upgrades to electrical infrastructure and the current rollout of 5G and future 6g telecommunications networks. Moreover, the automotive industry's growing dependency on electronic components further fuels this demand, often also hitting headlines in news services that are outside the silver investment community.
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