Silver price (XAG/USD) exhibits a subdued performance near $28.00 in Wednesday’s New York session.
Silver price remains below $28.00 as expectations for Fed big interest-rate cut diminishes. US headline and core inflation decelerated one-tenth to 2.9% and 3.2%, respectively, in July. The next trigger for the Silver price will be the monthly US Retail Sales, scheduled for Thursday. Silver price exhibits a subdued performance near $28.00 in Wednesday’s New York session.
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. 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.
XAGUSD Fed Inflation Dollarindex Silver
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