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November 22, 2024

Silver Set to Stabilize Above $31 Amid Strong Demand

Silver prices (XAG/USD) are striving to remain above the $31 mark following a surge driven by increased demand for safe-haven assets. The precious metal climbed to nearly $31.40 during Friday’s European session as tensions between Russia and Ukraine escalate. The market’s focus on safe-haven investments suggests that silver could continue to perform well in the near term. Investors are watching closely as geopolitical factors heavily influence market dynamics. This trend may provide good trading opportunities for silver enthusiasts.

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