Silver price (XAG/USD) jumps above $34.00 in Monday’s North American session for the first time in almost 12 years.
Silver price posts a fresh high above 34.00 on multiple tailwinds. The white metal gains on the fresh escalation in the Middle East war and US presidential election uncertainty. The Fed is expected to reduce interest rates moderately. Silver price jumps above $34.00 in Monday’s North American session for the first time in almost 12 years. The white metal strengthens on multiple tailwinds: continuing war between Israel and Iran, and growing uncertainty over United States presidential elections.
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.
XAGUSD Fed Middleeast Supportresistance Silver
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