Silver price is over $ 40 for the first time since 2011

Silver Price has exceeded $ 40 per gram for the first time since 2011, with the expectations growing by the Federal Reserve interest rate this month, strengthening the demand for investors to precious metals. The direct silver price rose 1.4% on Monday to $ 40,2920 an ounce to strengthen its profits from the beginning of this year to more than 40%, in a wave of rise that coincides with the high prices of gold, platinum and peppcum. The price of alloys rose 0.7% at the beginning of the week, which recorded the highest level as it set a record in April. The precious mineral benefits from Trump’s attacks that precious minerals have benefited from strong investors in secure ports amid geopolitical tensions and unstable financial conditions, including US President Donald Trump’s repeated attack on the Federal Reserve, which expressed concern about the independence of the central bank. Matches raised the reduction in the Federal Reserve for interest rates at the next meeting of the monetary policy this month, and the most important US postal report released on Friday is expected to strengthen these expectations. The low borrowing costs tend to support precious metals, which are not beneficial. Silver supply is also estimated at its industrial uses in clean energy technologies, including solar panels. In these circumstances, the market is on its way to the fifth year of the registration of a shortage in the supply, according to the group involved in the sector, “The Silver Institute”. Investors have invested a lot in silver -backed indicators. The metal expanded for the seventh consecutive month in August, the highest flow of flow in 2020.