Silver is Poised for a Sharp Rise, Due to Ongoing War in Yemen
Silver is likely to continue to rise in the short term due to the ongoing conflict in Yemen and the increasing demand for the metal as a safe haven asset.
The Houthi rebels in Yemen have been fighting against the government for several years, and the conflict has recently escalated. This has led to increased uncertainty in the region, which has boosted demand for safe-haven assets like silver. Additionally, silver is seen as a hedge against inflation, and the recent rise in inflation has also supported the metal's price.
I believe that silver is likely to continue to rise in the short term as the conflict in Yemen intensifies and demand for safe-haven assets increases. However, it is important to note that the silver market is volatile, and prices could fall sharply if the conflict in Yemen is resolved or if inflation expectations decline.
The Houthi rebels in Yemen have been fighting against the government for several years, and the conflict has recently escalated. This has led to increased uncertainty in the region, which has boosted demand for safe-haven assets like silver. Additionally, silver is seen as a hedge against inflation, and the recent rise in inflation has also supported the metal's price.
I believe that silver is likely to continue to rise in the short term as the conflict in Yemen intensifies and demand for safe-haven assets increases. However, it is important to note that the silver market is volatile, and prices could fall sharply if the conflict in Yemen is resolved or if inflation expectations decline.