Silver climbs sharply to $60
Silver prices in the spot market rose by 3%, approaching the $60 per ounce level, amid increasing investment demand and surpassing gold. This occurred despite ongoing uncertainty in U.S. monetary policy and silver's characteristics that make it more sensitive to market fluctuations. Expectations also point to a persistent structural deficit in the silver market until 2026, amounting to approximately 46.3 million ounces, even as industrial demand declines, despite the metal's importance in electronics and renewable energy.
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