Silver has lasted to the highest level over 13 years thanks to a technical success and an increase in demand for precious metals.
The silver area is increased by 4.2%, exceeding $ 35.9 per ounce – this is the highest level since February 2012. It reports about it Bloomberg On Thursday, June 5.
According to the head of the German company Heraeus Group, Alexander Tsumpfa, the growth was due to a combination of technical impulse, improving major factors and extensive interests of investors.
Although gold and silver are usually moving at the same time, yellow metal shows a greater increase: in the last 12 months, its price has increased by 44% against the background of trade stress started by the United States, as well as active purchases from the middle banks. Silver added about 20% and is still behind gold.
Significant tributaries on the exchange funds provided by silver provided additional silver support – on Wednesday only reserves increased 2.2 million ounces.
Silver is dual in nature: it is used as an investment owner and as an industrial raw material -especially in clean energy technologies. Metal is a key ingredient of solar panels, the demand in which it grows.
Remember that the rate of hryvnia has dropped slightly relative to the dollar and euro with exchange points.
Gold in the first -time history chances have surpassed the line of $ 3500
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.