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2025-09-16 19:56:58
[The US dollar weakened on Tuesday, and silver followed the strong rise of gold] On Tuesday, the price of silver briefly broke through $43 per troy ounce, reaching its highest level since 2011, a trend consistent with the strong rise of gold. Recent precious metal prices have benefited from the weakening US dollar. The market currently expects the Federal Reserve to cut interest rates by 25 basis points on Wednesday and further implement loose policies before the end of the year. In addition, geopolitical uncertainty, continued inflows of funds into exchange-traded funds (ETFs), and industrial demand have also driven the growth of silver demand. More than half of global silver consumption comes from industries such as solar panels, electric vehicles, and electronics.
