Silver price (XAG/USD) exhibits a subdued performance near $28.00 in Wednesday’s New York session.
Silver price remains below $28.00 as expectations for Fed big interest-rate cut diminishes. US headline and core inflation decelerated one-tenth to 2.9% and 3.2%, respectively, in July. The next trigger for the Silver price will be the monthly US Retail Sales, scheduled for Thursday. Silver price exhibits a subdued performance near $28.00 in Wednesday’s New York session.
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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