Silver prices (XAG/USD) extends gains for the second consecutive day, trading around $30.90 per troy ounce during the European session on Wednesday.
Silver price gains ground due to trade repositions ahead of the US inflation data release on Wednesday. The US Consumer Price Index may report an increase of 2.6% YoY in October, with core CPI rising by 3.3%. Silver prices may struggle as the implementation of Trump’s proposed policies could delay further rate cuts by the Fed. Silver prices extends gains for the second consecutive day, trading around $30.90 per troy ounce during the European session on Wednesday.
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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