The precious metal silver price is holding strong above $49 an ounce, still riding a two-day winning streak as of Monday. What’s keeping it up? The US Dollar softened a bit, and investors aren’t backing off just yet. Plus, there’s a brighter mood settling over the markets.
That optimism picked up after the US Senate took a big step toward reopening the government. Lawmakers voted 60–40 to push a funding bill forward—one that keeps those Affordable Care Act subsidies in place. Next stop for the bill: the House, and then it lands on President Trump’s desk.
China’s announcement that it will temporarily lift its ban on exporting important and rare-earth industrial metals to the US, including antimony, germanium, and gallium, also boosted the global market. In actuality, that is a peace gesture intended to reduce trade tensions. Such actions tend to stabilize the markets.
Still, it’s not all smooth sailing for silver. When investors feel more confident, they usually move out of safe havens like silver. So if this upbeat mood keeps spreading, silver might run into some resistance soon.
