Robinhood Expands Sports Event Contracts With Player Performance Wagers 
"Silver Surges: Rising Demand and Positive Trends Spark Investment Interest"
Silver gained sharply despite strong US treasury yield. It reached a low of $33.09 yesterday and is currently trading around $34.12. The short-term trend remains positive as long as support at $33 holds.
Recent reports show a big increase in silver demand in India, especially during the Diwali celebrations, even though rising prices have made things more difficult. Silver demand rose by 35% compared to previous times, with many people buying silver coins and idols as traditional gifts for the festival.
The uncertainty associated with a closely contested U.S. presidential election has increased silver's appeal as a secure investment option. As voters prepare to make critical decisions, many investors are seeking refuge in silver, viewing it as a reliable asset amid potential market volatility. This heightened interest underscores silver's traditional role as a safe haven during times of economic or political instability.
The gold-silver ratio is at 81.27, indicating that silver has outperformed Gold recently. A ratio above 80 might suggest that silver could be a more appealing investment compared to gold.
For trading, the major level to watch is $34.50. Silver is currently above key moving averages, with near-term support at $33.70. If it drops below this, it could target $33.25/$32.70, $32.40, or $32. On the upside, immediate resistance is at $33.70, and breaking this could lead to targets of $34.50/$34.73, $35, or $36.
It may be a good strategy to buy on dips around $33.70, with a stop-loss at $33 and a target price of $35.
