Silver (XAG/USD) struggles to capitalize on the previous day's positive move and seesaws between tepid gains/minor losses during the Asian session on Wednesday.
Silver lacks any firm intraday direction and oscillates in a range on Wednesday. The overnight sustained breakout through a trading range favors bullish traders. Dips towards $31.00 could be seen as a buying opportunity and remain limited. Silver struggles to capitalize on the previous day's positive move and seesaws between tepid gains/minor losses during the Asian session on Wednesday. The white metal currently trades around the $31.
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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