Silver price (XAG/USD) edges higher for the fourth consecutive day, trading around $28.74 during the Asian hours on Thursday.
Silver price holds gains ahead of the ECB interest rate decision scheduled for Thursday. ECB is highly expected to lower rates to 4.0% by implementing a 25 basis points rate cut. August’s US Consumer Price Index data have increased the odds of a 25-basis points rate cut by the Fed in September. Silver price edges higher for the fourth consecutive day, trading around $28.74 during the Asian hours on Thursday.
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.
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