Silver price (XAG/USD) gains ground for the second successive session, trading around $31.00 per troy ounce during the European hours on Tuesday.
Silver price appreciates due to concerns over escalation of the Middle East conflict. Israeli forces deepened their offensive operations in northern and central Gaza on Wednesday. Fed Chair Powell stated that first-quarter data did not support increased confidence in the inflation trajectory. Silver price gains ground for the second successive session, trading around $31.00 per troy ounce during the European hours on Tuesday.
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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