Silver price (XAG/USD) surrenders its intraday gains and falls slightly below $28.00 in Tuesday’s New York session.
Silver price becomes flat after the release of the better-than-expected US JOLTS Job Openings data for June. US employers posted fresh 8.18 million vacancies. The Fed is expected to leave interest rates steady for eighth straight time. Silver price surrenders its intraday gains and falls slightly below $28.00 in Tuesday’s New York session. The white metal drops after the release of the better-than-expected United States JOLTS Job Openings data for June. Fresh job vacancies came in higher at 8.
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.
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