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Cash crosses a major psychological threshold with a spectacular increase
The spot silver market has just taken a decisive step, surpassing the $74 per ounce mark for the first time in a single day. This remarkable 3% increase reflects sustained bullish momentum in the precious metals market.
On an annual basis, the outlook is particularly robust. Spot silver has gained over $45 since the beginning of the year, illustrating a substantial renewed interest among investors in this type of asset. This sustained upward trend indicates renewed confidence in safe-haven assets, especially amid economic uncertainties.
Market observers interpret this technical breakout as a sign of increasing institutional and retail demand. Spot silver, long considered a barometer of risk appetite and geopolitical concerns, is seeing its appeal grow among an ever-expanding investor base.