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>>Today's silver price shows a striking surge, reflected in Bitcoin market data and indicating a broader market shift

Today's silver price shows a striking surge, reflected in Bitcoin market data and indicating a broader market shift

crypthub

about 3 hours ago

Silver Surge

Bitcoin World reported a 2.8% rise in silver, taking spot prices to $28.45 per ounce. The move was seen across European, Asian and US markets, with volume up 18%. Analysts view the rise as a signal of shifting investor preference toward tangible assets.

Drivers & Tech

Strong demand from solar panels, EVs and electronics meets limited supply, as primary mines provide only 30% of output. A bullish golden‑cross formed, breaking the $28 resistance and pushing volume 25% above recent levels. ETF inflows and retail buying also lifted demand, broadening participation.

Context & Outlook

Silver outpaced gold, narrowing their price ratio, and showed steadier gains than cryptocurrencies. Inflation concerns and mixed central‑bank policies keep metals appealing, while traders watch support above $28.20 for further upside. If price holds above $28.20, the metal could continue its upward trend through 2025.