Silver price (XAG/USD) recovers its intraday losses and ticks up to nearly $30.15 in the North American session on Thursday after posting a fresh 11-week low around $29.65.
Silver price rebounds strongly as a fresh escalation in the war between Russia and Ukraine bolstered its safe-haven demand. Russia hit 14 targets in Ukraine, which resulted in a nationwide blackout. The US Dollar bounces back as the Fed is expected to cut interest rates cautiously. Silver price recovers its intraday losses and ticks up to nearly $30.15 in the North American session on Thursday after posting a fresh 11-week low around $29.65.
00 range, suggesting a sideways trend. 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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