Silver price (XAG/USD) trades sideways near $31.00 in Wednesday’s Asian session.
Silver price trades sideways around $31.00 as investors await the US Inflation report for June. Fed Powell signaled that the labor market strength appears to be easing. Silver price holds the Falling Channel breakout. Silver price trades sideways near $31.00 in Wednesday’s Asian session.
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 Fed Inflation Supportresistance Silver
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