The silver price is currently struggling to assert itself above the psychologically important brand of $ 36 per ounce. After a short increase to $ 36.50, the course currently consolidates – influenced by geopolitical tensions, fluctuating market mood and the persistently high gold/silver ratio.
Especially in the focus of investors: the upcoming US working market data (NFP). A weaker report could strengthen the interest in reduction – and boost the demand for silver. Conversely, a strong labor market report would support the US dollar and press the silver price.
In the long term, analysts remain optimistic. Institutions such as Natixis refer to industrial demand and possible offer bottlenecks as supporting factors for the precious metal. The high gold-silver ratio also indicates a relative undervaluation of silver-which offers long-term potential for catching up. You can find out more about the gold-silver ratio here: https://philoro.de/wissen/gold-silber-ratio-guidelines
Invest in silver
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