Silver price (XAG/USD) remains stable with a positive outlook, it may extend its winning streak for the third consecutive day.
Silver price may extend its winning streak as recent inflation raises the odds of the Fed’s rate cuts. US PCE Price Index increased by 2.6% YoY in May, down from 2.7% in April. Silver may limit its upside due to demand uncertainties in China, the largest consumer of grey metal. Silver price remains stable with a positive outlook, it may extend its winning streak for the third consecutive day. The XAG/USD pair trades around $29.10 per troy ounce during early European hours on Monday.
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 Macroeconomics Commodities Silver
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