The price of silver is still rising amid the fear of fees and the scarcity of the offer

The price of silver is close to the highest level in 14 years, as it benefits from investors looking for alternatives to gold moving near a record level, as well as the potential risks of Washington that impose more fees on minerals, which will reduce current supplies. The price of silver in immediate transactions increased by 1.6% during Asian trading, continuing its profits after a 4% increase last week, which spurred him to the highest level since 2011. The implicit cost of borrowing silver jumped to more than 6% for a month, compared to the usual level near zero, in a sign of the increase in the scarcity of the supply in the market. You may also be interested in: The price of silver rises to the highest level since 2011 amid the scarcity of supplies, the difference between the immediate silver prices in London and future contracts in New York, which was still unusually wide -wide, similar to what happened at the beginning of the year, when the rules of customs duties led to the flow of gold and silver rise. Priyanka Sashdiva, an analyst at Philip Nova, said silver benefits from commercial wars and the high price of gold, “the demand for silver is currently benefiting from the threats associated with commercial wars, and from the high price of gold to levels that exceed the ability of many potential buyers.” Although Silver is not currently included in customs duties imposed by US President Donald Trump, “the actors in the US market, whether industrial enterprises or the actual buyers of the metal, tried to obtain supplies before imposing any possible fees,” she said. An annual rise in silver prices, the price of silver has risen by 35% since the beginning of the year, and the gold profit of 28% has exceeded. Silver has double properties because it is a safe haven for investors, as well as a basic industrial material used to produce solar panels. The Silver market is expected to lack the superiority of demand for the supply for the fifth consecutive year, according to the estimates of the Silver Institute in the sector. Gold reduces its profits in return. Gold has reduced some of its profits in early Asian transactions to circulate near the $ 3.360 per ounce level, after the increase by 0.6% over the past week. The yellow metal supported this year of purchases related to secure ports, in light of the escalation of geopolitical and commercial tensions, in addition to the purchases of central banks. “Gold has already seen a significant increase, and it currently costs high costs,” says Sashdiva, making many investors more likely to buy silver. The direct gold price settled at $ 3,359,65 per hour at 12:52 p.m. While the Bloomberg index for the immediate dollar increased by 0.1%. Silver rose 1.5% to $ 38,9712 per ounce, and platinum and balladium also recorded profits.