Silver price (XAG/USD) trades around $30.80 per troy ounce during Tuesday’s European hours, maintaining its position near a two-month high of $31.09, marked on Monday.
Silver price holds its position below a two-month high of $31.09, which was recorded on Monday. The non-yielding Silver becomes more attractive to investors amid rising odds of a bumper Fed rate cut. The dollar-denominated commodity becomes cheaper for buyers using other currencies as the US Dollar remains tepid. Silver price trades around $30.80 per troy ounce during Tuesday’s European hours, maintaining its position near a two-month high of $31.09, marked on Monday.
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.
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