Silver price (XAG/USD) edges higher above $28.00 in Monday’s European session.
Silver price hovers near $28.00 as investors shift focus to the US Inflation data for August. Higher US Dollar and bond yields restrict the upside of the Silver price. The Fed is widely anticipated to start reducing interest rates this month. Silver price edges higher above $28.00 in Monday’s European session. The white metal trades in a tight range, with the downside remaining supported near $27.70.
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 Fed Yieldcurve Dollarindex Silver
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