Silver price (XAG/USD) faces pressure in Tuesday’s American session even though the United States (US) producer inflation remained soft in July.
Silver price remains on backfoot even though the US PPI turned out softer-than-expected in July. Soft US producer inflation has increased investors’ confidence that price pressures remain on path that leads to banks’ target of 2%. Middle East conflicts limit Silver price’s downside. Silver price faces pressure in Tuesday’s American session even though the United States producer inflation remained soft in July.
Silver daily chart 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. 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.
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