Silver Rebounds with $7.50 Gain from Weekly Lows

Silver has rebounded by $7.50 an ounce from its weekly lows, according to Peter Spina, CEO at GoldSeek.com.

This uptick signals a notable increase in upward momentum for silver prices during the current week.

Spina previously noted that major banks tend to raise gold price forecasts when markets are high and lower them during corrections.