. In the international market, the price of silver has increased by more than 31 percent. Along with silver, the price of gold has also fallen.

The US dollar has strengthened after US President Donald Trump nominated Kevin Warsh to be the next Federal Reserve Chairman.TAG_OPEN_p_11 Analysts said the move eased concerns about the central bank’s independence and boosted demand for the dollar. When the dollar strengthens, there is pressure on metals such as silver and gold, which are denominated in the dollar.

At around TAG_OPEN_p_10 18:30 GMT on Friday, silver fell to $ 79.30 an ounce, while gold fell more than 12 percent to $ 4,724.80. This fall is considered to be one of the biggest one-day falls for both silver and gold in recent years.

The price of silver has fallen in the international market since March 1980.TAG_OPEN_p_9

According to analysts, if the US dollar continues to strengthen and global uncertainty eases, the price of silver may fall below $ 79.TAG_OPEN_p_8 However, the price of silver is expected to rise again if geopolitical tension escalates again, inflation concerns intensify or economic data weakens.

However, despite the current decline, the price of silver is still above the level of a year ago. According to experts, the future price movement of silver will depend on many international factors such as the situation of the dollar, world politics and economic situation as the market is extremely volatile. In the last few years, the prices of yellow metal gold and white metal silver have increased due to which the attention of investors around the world has been diverted.