Silver Demand Rises Amid Geopolitical Tensions

Geopolitical tensions, particularly regarding Russia and Ukraine, have led to increased demand for gold and silver as safe-haven investments, pushing gold prices close to $2,650. Analysts are observing a pullback in Treasury yields which supports gold's upward movement. A report from Capitalight Research highlights silver's appeal due to its dual role as a safe-haven asset and its critical use in green technologies, predicting record industrial demand in 2024. As the U.S. grapples with significant budget deficits and rising government debt, both metals are seen as effective hedges against inflation. The Mining Company ESG Index report emphasizes the importance of environmental, social, and governance performance in the mining sector amid these market dynamics. Investors are urged to remain cautious, as fluctuations in the dollar index could impact precious metals prices.