Silver price (XAG/USD) trades in a tight range below the psychological resistance of $30.00, with investors focusing on the Federal Open Market Committee (FOMC) minutes for the July monetary policy, which will be published at 18:00 GMT.
Silver price trades sideways below $30.00 with FOMC minutes in focus. The US Dollar and bond yields remain in a bearish trajectory on Fed rate-cut optimism. Fed Powell’s speech at the JH symposium will be the key event this week. Silver price trades in a tight range below the psychological resistance of $30.00, with investors focusing on the Fed eral Open Market Committee minutes for the July monetary policy, which will be published at 18:00 GMT.
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. 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.
XAGUSD Fed Dollarindex Yieldcurve Silver
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