Silver's price is currently around $71.904 per ounce, with a 2.3118% increase in the last 24 hours. The cryptocurrency Silver Token (XAGX) is trading at $74.62 USD, with a 4.14% increase in the last 24 hours ¹ ².
*Key Factors Influencing Silver Prices:*
- _Industrial Demand_: Silver is witnessing strong demand from industries like electric vehicles, solar, semiconductors, and data centers.
- _Rate Cuts_: Expected rate cuts by the US Federal Reserve are driving investment in non-yielding assets like silver.
- _Geopolitical Tensions_: Ongoing conflicts and trade risks are boosting silver's appeal as a safe-haven asset
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