SMM Weekly Review: Silver Market Strengthens on Macro Factors, Hits $34.87/Ounce Target

Published: May 23, 2025 10:49
[SMM Weekly Review of Silver Market] The current macro background supports the continued strengthening of silver. Early in the week, the situation in the Middle East boosted the demand for gold and silver as safe-haven assets. Meanwhile, concerns over US inflation and deficit fueled the bullish momentum in precious metals, prompting investors to seek refuge in silver. London silver prices regained the 50-day moving average, targeting $34.87 per ounce, while domestic silver prices stabilized at 8,200 yuan/kg.

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