Silver price (XAG/USD) edges higher to near $29.45 during the early European session on Thursday.
Silver price gains traction around $29.45 in Thursday’s early European session, up 1.03% on the day. Further decline of the USD, ongoing Middle East tensions support the silver price. Investors await the second estimate of US Q2 GDP growth numbers on Thursday ahead of PCE inflation data. Silver price edges higher to near $29.45 during the early European session on Thursday.
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. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates.
Commodities XAGUSD Macroeconomics Silver
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