Geopolitical situation drives the continued increase in attractiveness of silver and gold.
Driven by the tense geopolitical situation, the prices of gold and silver futures continue to rise, further enhancing the attractiveness of safe-haven assets. The US military carried out strikes against the extremist organization "Islamic State" in Nigeria and chased a runaway oil tanker in the Atlantic Ocean. Meanwhile, the US dollar has remained weak after partially losing its safe-haven status in recent months. Silver futures are at $75.07 per ounce, 79% higher than the 200-day moving average, reaching the highest premium level since 1980; gold futures are at $4561.20 per ounce, 26% higher than the 200-day moving average, with the largest deviation since October.
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