Silver (XAG/USD) attracts some dip-buyers near the $26.75 region during the Asian session on Wednesday, albeit lacks bullish conviction and remains confined in the previous day's broader trading range.
Silver gains some positive traction on Wednesday, albeit it lacks follow-through. The setup supports prospects for the emergence of fresh selling at higher levels. A sustained strength beyond mid-$27.00 could pave the way for additional gains. Silver attracts some dip-buyers near the $26.75 region during the Asian session on Wednesday, albeit lacks bullish conviction and remains confined in the previous day's broader trading range. The white metal is currently placed just above the $27.
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.
Commodities Technical Analysis XAGUSD Silver
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