Silver (XAG/USD) scales higher for the second straight day on Wednesday and climbs to a multi-day peak during the Asian session on Wednesday.
Silver attracts some follow-through buying for the second straight day on Wednesday. The mixed technical indicators on hourly/daily charts warrant some caution for bulls. A break below the $28.00 mark is needed to negate any near-term positive outlook. Silver scales higher for the second straight day on Wednesday and climbs to a multi-day peak during the Asian session on Wednesday. The white metal is currently trading around the $28.
Silver 4-hour chart Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods.
Commodities Technical Analysis XAGUSD Silver
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