Silver price (XAG/USD) price holds minor losses, trading around $29.00 per troy ounce during Monday’s Asian session.
The downside of the safe-haven Silver price could be limited due to rising geopolitical tensions. Hamas rejected the terms for a hostage release-ceasefire deal discussed in Doha on Thursday and Friday. Ukraine initiated the largest invasion of Russia since World War II. Silver price price holds minor losses, trading around $29.00 per troy ounce during Monday’s Asian session. However, the downside of the safe-haven Silver could be limited due to rising geopolitical tensions.
Additionally, Federal Reserve Bank of Chicago President Austan Goolsbee warned that central bank officials should be cautious about keeping a restrictive policy in place longer than necessary. Silver FAQs Why do people invest in Silver? Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange.
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