The economist announced an increased interest in silver amid the stabilization of the foreign exchange market

The rise in silver prices is due to macroeconomic factors, not speculative movements. It is associated with a change in expectations regarding the monetary policy of the US Federal Reserve. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia on December 18.

According to him, against the background of the stabilization of the foreign exchange market and a decrease in the volatility of the ruble, many investors are beginning to shift their interest towards precious metals such as silver, where price fluctuations remain more pronounced.

"This is reflected in the trading structure: in a short period, the turnover of gold and silver on the Russian over—the-counter market exceeded 2.95 trillion rubles, which significantly exceeds the volume of transactions with physical metals on the Moscow Stock Exchange," the expert explained.

He drew attention to the fact that for individuals, silver should be considered as a tool for diversification, rather than as the main element of an investment portfolio. The metal is traditionally highly volatile and reacts strongly to changes in interest rates and economic cycles. Currently, silver, which was previously undervalued compared to gold, is trying to close the price gap, reaching the range of $54-65 per troy ounce. However, updating historical highs increases the risks of correction, so it is necessary to invest in the metal at current levels with caution and for the long term.

"A significant expansion of investment opportunities occurred after the launch of CFDs on the Russian over-the-counter foreign exchange market agreed by the Bank of Russia. These tools allow you to work with silver without the costs of storage, logistics and VAT, as well as flexibly manage your position in conditions of high market volatility. The growth in turnover in the precious metals segment indicates an increase in the attractiveness of such solutions for investors," the expert said.

Figure of the day: the volume of trading in crypto futures on the Moscow Stock Exchange has reached a record

This is the absolute maximum since the launch of the contracts.

The price of futures for a troy ounce of silver exceeded $66 on December 17, updating the historical maximum. By 06:01 Moscow time, metal futures were up 4.07% against the previous close and reached $66,175 per troy ounce. Thus, the price exceeded the $66 mark for the first time.

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