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Silver rebounds to 101 pounds
Silver prices locally have increased in recent days, supported by rising global prices and a decline in expectations for US monetary tightening. Additionally, escalating geopolitical tensions have boosted demand for precious metals as a safe haven. The 999 purity silver rose from 99.90 to 101.15 pounds per gram, and the ounce moved from 58.742 to 59.571 dollars. Investors are closely watching the upcoming Federal Reserve meeting on July 29, which could determine the future of monetary policy. This performance reflects sustained demand for silver as a hedge amidst global uncertainty, with expectations that the 999 purity silver price will remain between 100 and 103 pounds per gram in the near future.
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