Silver price (XAG/USD) continues its winning streak that began on September 9, trading around $31.00 per Troy ounce during Monday’s Asian session.
Silver price extends its upside due to rising expectations of an aggressive rate cut by the Fed. The demand for dollar-denominated Silver gains attraction as it becomes cheaper for buyers using other currencies. Markets assess demand prospects in China, given that Silver is crucial for a range of industrial applications. Silver price continues its winning streak that began on September 9, trading around $31.00 per Troy ounce during Monday’s Asian session.
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.
XAGUSD Commodities Macroeconomics Silver
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