Silver Rises on Supply Deficit Fears and 1:1 Oil Ratio Warning

From investingcube.com

The silver price edges higher 1.31% on Wednesday, trading around $77.70 per ounce. Investors are in a “wait and see” mood. The Middle East tensions are still alive despite the ceasefire extension. As long as the US maintains the blockade of Iranian ports viewed by Iranian authorities as a violation of the ceasefire, tensions are likely to remain elevated. At the same time, reports of attacks by Iranian forces on ships attempting to cross the waterway continue to add pressure to an already fragile peace process. Looking at the silver price, there is a big warning: investors should pay attention to the current ... (full story)