London: Silver prices rebounded after falling to an eight-month low, while gold remained resilient above the key $4,000 per ounce level, supported by continued safe-haven demand and cautious investor sentiment amid global economic uncertainty.
Silver recovered as bargain hunters returned to the market following recent sharp declines. Analysts said the rebound was driven by renewed buying interest and expectations of stronger industrial demand, particularly from the renewable energy, electronics, and manufacturing sectors, where silver plays a vital role.
Gold, meanwhile, defended the psychologically important $4,000 mark as investors continued to seek refuge from geopolitical tensions, inflation concerns, and uncertainty surrounding global monetary policy. The precious metal has remained well-supported by expectations that central banks may maintain a cautious approach to interest rates.
Market participants are closely monitoring upcoming economic data, inflation indicators, and signals from major central banks, particularly the U.S. Federal Reserve, for clues on the future direction of interest rates. Lower borrowing costs generally enhance the appeal of non-yielding assets such as gold and silver.
Analysts noted that while silver remains more volatile due to its dual role as both a precious and industrial metal, improving manufacturing activity and the global transition toward clean energy could provide additional support for prices in the medium term.
With investors balancing safe-haven demand against evolving economic conditions, precious metals are expected to remain in focus as markets assess the outlook for inflation, economic growth, and global financial stability.