Silver price (XAG/USD) trades in a tight range near $29.50 in Friday’s European session.
Silver price stays in a tight range near $29.50 with US PCE inflation under the spotlight. US annual core PCE inflation is estimated to have accelerated to 2.7% in July. The Fed is almost certain to start reducing interest rates from September. Silver price trades in a tight range near $29.50 in Friday’s European session. The white metal consolidates as investors have sidelined ahead of the United States Personal Consumption Expenditure inflation for August, which will be published at 12:30 GMT.
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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