Silver price (XAG/USD) hovers around $29.90 per troy ounce during the Asian session on Monday.
Silver price consolidates around a psychological level of $30.00 with a positive bias. Rising Middle-East tensions may provide support for the safe-haven Silver . The non-yielding grey metal receives support from rising expectations of a Fed rate cut in September. Silver price hovers around $29.90 per troy ounce during the Asian session on Monday. The market sentiment is in favor of safe-haven assets following the rising geopolitical tensions in the Middle East.
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 Commodities Macroeconomics Silver
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Forecast: XAG/USD holds position near $29.00 with a positive biasSilver price retraces its recent gains, trading around $28.90 per troy ounce during the Asian hours on Thursday.
Read more »
Silver Price Forecast: XAG/USD consolidates below $30 as investors await Fed minutesSilver price (XAG/USD) trades in a tight range below the psychological resistance of $30.00, with investors focusing on the Federal Open Market Committee (FOMC) minutes for the July monetary policy, which will be published at 18:00 GMT.
Read more »
Silver Price Forecast: XAG/USD remains below $29.00 despite rising geopolitical tensionsSilver price (XAG/USD) price holds minor losses, trading around $29.00 per troy ounce during Monday’s Asian session.
Read more »
Silver Price Forecast: XAG/USD sinks below $27.00 despite geopolitical jittersSilver's price extended its losses for the third straight day and stayed below $27.00 amid increasing geopolitical fears spurred by the Middle East conflict.
Read more »
Silver Price Forecast: XAG/USD declines below $27 as demand concerns escalateSilver price (XAG/USD) skids below the crucial support of $27.00 in Tuesday’s European session.
Read more »
Silver Price Forecast: XAG/USD depreciates toward $29.50 despite a dovish FedSilver (XAG/USD) price edges lower to near $29.70 per troy ounce during the Asian session on Monday.
Read more »