Silver (XAG/USD) struggles to capitalize on its modest gains registered over the past three days and attracts some sellers during the Asian session on Tuesday.
Silver drifts lower during the Asian session on Tuesday and snaps a three-day winning streak. The mixed technical setup warrants some caution before placing aggressive directional bets. A sustained strength beyond the $30.00 mark is needed to negate any near-term negative bias. Silver struggles to capitalize on its modest gains registered over the past three days and attracts some sellers during the Asian session on Tuesday. The white metal currently trades around the $29.35-$29.30 area, down 0.
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. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors.
Commodities Technical Analysis XAGUSD Silver
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