Silver price (XAG/USD) trades in a tight range near $28.00 in Monday’s North American trading session.
Silver price hovers around $28.00 with Fed policy meeting in focus. The Fed is expected to cut interest rates in September. Renewed risks of Middle East tensions improve safe-haven appeal. Silver price trades in a tight range near $28.00 in Monday’s North American trading session. The white metal stays on the sidelines with a focus on the Fed eral Reserve’s monetary policy decision, which will be announced on Wednesday.
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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