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Silver Price Outlook: Grey Metal Comfortable Near $25.00 But Disruption Awaits
Silver prices rose marginally on Thursday as buying appetite fended off concerns over the incoming US data. The precious metal traded at $25.04 per ounce at the spot market and at $25.22 (+0.29%) at the futures market at the time of writing. The US dollar was supported by risk-off sentiment surrounding the scheduled release of February readings for Producer Price Index (PPI) and Retail Sales index. However, there is growing confidence that the industrial and technology-driven demand for silver will keep prices stable in 2024. XAGUSD has shown greater tenacity than XAUUSD, as gold comes under pressure from US ... (full story)