Silver (XAG/USD) trades with a positive bias around the $30.80-$30.85 area during the Asian session on Tuesday and remains well within the striking distance of a two-month peak touched the previous day.
Silver struggles to gain any meaningful traction and oscillates in a range on Tuesday. The technical setup favors bullish traders and supports prospects for further gains. Any meaningful downfall could be seen as a buying opportunity and remain limited. Silver trades with a positive bias around the $30.80-$30.85 area during the Asian session on Tuesday and remains well within the striking distance of a two-month peak touched the previous day.
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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