Silver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session.
Silver price exhibits weakness with investors focusing on the US core PCE inflation for June. The Fed is expected to start reducing interest rates from the September meeting. China’s dismal economic outlook has dampened Silver ’s demand as an industrial metal. Silver price falls back after a short-lived pullback move to near $28.00 in Friday’s European session. The white metal remains in the bearish trajectory amid uncertainty over its demand as an industry metal globally.
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.
XAGUSD Fed Inflation Supportresistance Silver
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