Silver Rises After Sharp Pullback
Silver prices increased by 1.6% to $73 per ounce on Tuesday, recovering from a significant drop due to profit-taking. The previous decline was exacerbated by the CME raising margin requirements on silver futures, prompting traders to reduce their positions. Analysts suggest the selloff was due to position unwinding rather than a decrease in demand. Despite short-term volatility, silver is supported by supply constraints and strong industrial demand, although stricter margin rules may limit price increases in the near term.
Trading Economics·
