Silver price (XAG/USD) recovers its recent losses, trading around $31.00 per troy ounce during the European session on Tuesday.
Silver price gains ground as weaker employment data raise the odds of the Fed reducing rates in September. The CME's FedWatch Tool indicates that the odds of a Fed rate cut in September have increased to 76.2%, up from 65.5% a week earlier. The safe-haven Silver could face challenges due to anticipated progress in ceasefire negotiations in the Gaza war. Silver price recovers its recent losses, trading around $31.00 per troy ounce during the European session on Tuesday.
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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