Silver price (XAG/USD) discovers interim support near $28.70 in Tuesday’s American session after four-day losing spree.
Silver price finds cushion near $28.70 as US yields slump. The Fed is expected to start cutting interest rates from September. Investors await the US Q2 GDP and June’s core PCE inflation data. Silver price discovers interim support near $28.70 in Tuesday’s American session after four-day losing spree. The white metal finds temporary support as US bond yields decline amid firm speculation that the Fed eral Reserve will start reducing interest rates from the September meeting.
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 GDP Inflation Fed Silver
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