Seven factors affecting the price trend of silver: It is very important to know the price trend of silver if you want to invest in silver. So, what are the factors that affect the price trend of silver? The following factors affect the trend of silver price.

1, gold price

In most cases, gold price and silver price are synchronized, that is, gold price goes up, silver price goes up, gold price goes down, and silver price goes down.

2. Oil price

.

The rise in oil prices shows that the economy is in good condition and the demand for silver industry is rising.

3. Is the exchange rate of USD high or low?

.

The dollar and silver are generally called negative correlation, that is, the dollar depreciates and silver also rises. However, the dollar and silver sometimes go hand in hand, which usually happens in financial crisis, geopolitical conflict, natural disasters and so on.