Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) have risen on Tuesday, currently trading at $74.23 per troy ounce. This marks a 1.89% increase from Monday's price of $72.85. The rise can be attributed to an overall increase in demand within the market. Silver is gaining attention from investors as a hedge against inflation, particularly as its industrial applications continue to rise alongside the recovery in technology and manufacturing sectors. Given the current trends, if silver can maintain this level, further upside potential is likely. However, it’s important to consider the possibility of market corrections following the rapid price increase. Monitoring market movements and economic indicators will be crucial in assessing the next steps.