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Market data shows that spot silver has fallen below $74 per ounce, down 6.54% on the day. (Jinshi)
Find insight on precious metals and more in the latest Market Talks covering basic materials.
Silver prices are nearing $85 due to impending Chinese export restrictions, causing concerns over a global supply shock. Alexander Campbell advises against buying fresh, suggesting investors accumulate during dips instead. The CME has raised silver margin requirements to $25,000 per contract to manage volatility. Despite the recent surge, long-term bullish sentiment remains strong, with notable figures like Robert Kiyosaki and Peter Schiff expressing optimism about silver's future potential. As of now, silver is trading around $78.6150 per ounce, reflecting significant annual gains.
