Silver Price Forecast: XAG/USD aims to stabilize above $31 amid firm safe-haven bid

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Silver Price Forecast: XAG/USD aims to stabilize above $31 amid firm safe-haven bid
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Silver price (XAG/USD) strives to establish above $31.00 in Friday’s European session.

Silver price soars to near $31.40 on heightened geopolitical tensions. Russia warned the UK to strike with intercontinental ballistic missiles that have a range of several thousand kilometers. Traders lean towards the option of an interest rate cut by the Fed in December. Silver price strives to establish above $31.00 in Friday’s European session. The white metal surges to near $31.

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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