In a striking turn of events for the precious metals market, spot silver has staged a powerful recovery, reclaiming and surpassing the psychological $100 per ounce milestone. This rebound marks a significant shift in momentum after a period of intense volatility that saw the metal dip dangerously low.
According to reports, the recovery was swift and decisive. After hitting an intraday low that rattled some retail investors, silver surged by more than $5 within a single trading session. This "V-shaped" recovery suggests strong underlying demand and a high level of support at the lower price tiers. Analysts attribute this move to a combination of short-covering by institutional traders and a renewed interest in silver as both an industrial essential and a safe-haven asset amidst broader economic uncertainty.
The breach of the $100 mark is technically significant. For many traders, this level acts as a pivot point; holding above it could signal the beginning of a sustained bullish trend. As industrial demand for silver—particularly in the solar energy and electric vehicle sectors—continues to grow, the supply-demand deficit remains a key driver for long-term price appreciation. Investors are now closely watching to see if silver can consolidate these gains and establish the $100 mark as a new floor for future growth.
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