Silver (XAG/USD) attracts buyers for the fourth successive day on Friday and trades near the top end of its weekly range, above the $32.00 mark during the Asian session.
Silver scales higher for the fourth straight day and climbs back closer to the weekly top. The technical setup favors bulls and supports prospects for a further appreciating move. Dips below the $32.00 mark could be seen as a buying opportunity and remain limited. Silver attracts buyers for the fourth successive day on Friday and trades near the top end of its weekly range, above the $32.00 mark during the 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.
Commodities Technical Analysis XAGUSD Silver
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