Precious metals in motion: silver reaches $87 per ounce

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The precious metals market is experiencing significant movements, with silver reaching $87 per ounce, a level not seen since early February. This behavior reflects current volatility in commodity markets and the growing interest of investors in traditional safe-haven assets.

Silver rally in the spot market

Silver has shown remarkable performance over the past few weeks, increasing by 2.87% during the day according to Jin10 reports. This advance positions the precious metal at strategic levels, reflecting strong demand from both retail and institutional investors. The $87 per ounce price point is an important benchmark for those trading in this segment of precious metals, especially considering the sector’s historical volatility.

Silver futures in New York: performance and outlook

Meanwhile, silver futures contracts in New York have also hit the $87 per ounce mark, recording a 5.66% increase during the same period. This more aggressive performance in the futures market, compared to the spot market, suggests optimism among traders about the future behavior of this precious metal. The gap between the two markets reflects the particular dynamics of each segment and the divergent expectations of participants.

The current behavior of silver and other precious metals continues to be closely monitored by analysts, as these movements may indicate changes in risk perception and the search for value protection instruments in uncertain economic environments.

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