Silver (XAG/USD) gains some positive traction during the Asian session on Thursday and builds on the overnight bounce from the $27.20-$27.15 region, or the weekly low.
Silver attracts some buying on Thursday and recovers further from the weekly low. The technical setup warrants caution before positioning for any further move up. A sustained move beyond the $28.00 mark is needed to negate the negative bias. Silver gains some positive traction during the Asian session on Thursday and builds on the overnight bounce from the $27.20-$27.15 region, or the weekly low. The white metal currently trades around the $27.70 area, up 0.
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.
Commodities Technical Analysis XAGUSD Silver
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