Silver price (XAG/USD) surges to near $28.00 in Monday’s North American session.
Silver price jumps to near $28 on multiple tailwinds. Market speculation for Fed big rate cuts in September has waned significantly. Investors await the US CPI for July for fresh guidance on interest rates. Silver price surges to near $28.00 in Monday’s North American session. The white metal gains amid geopolitical risks and firm speculation that the Fed eral Reserve will start reducing interest rates from the September meeting.
Silver four-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.
XAGUSD Fed Inflation Supportresistance Silver
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Silver Price Forecast: XAG/USD juggles around $28 as investors await Fed policy announcementSilver price (XAG/USD) trades in a tight range near $28.00 in Monday’s North American trading session.
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Silver Price Forecast: XAG/USD retreats from $28 amid uncertainty ahead of US core PCE InflationSilver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session.
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Silver Price Forecast: XAG/USD appreciates to near $28.00 due to safe-haven flowsSilver price (XAG/USD) rises to near $28.00 per troy ounce during the European session on Monday.
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Silver Price Analysis: XAG/USD climbs as geopolitical tensions arise, firm at $28.00Silver's price rallied sharply by more than 1.80% on Tuesday amid rising tensions in the Middle East after Israel retaliated against Hezbollah’s strike over the weekend.
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Silver Price Forecast: XAG/USD could surpass $28.00 to test upper boundary of the channelSilver price inches higher to near $27.90 per troy ounce during the European session on Tuesday.
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Silver Price Forecast: XAG/USD moves sideways near $28.00 as central banks’ decisions loomSilver price (XAG/USD) remains tepid on the second successive session, trading around $27.80 per troy ounce during the Asian hours on Tuesday.
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