Silver price (XAG/USD) rises to near $28.00 per troy ounce during the European session on Monday.
Silver prices edge higher as tensions in the Middle East drive traders to seek safe-haven assets. The Israel Defense Forces intercepted approximately 30 projectiles crossing from Lebanon early Monday. The diminished odds of a 50-basis point rate cut by the Fed in September may weaken non-yielding assets like Silver . Silver price rises to near $28.00 per troy ounce during the European session on Monday.
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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