Silver price (XAG/USD) trades cautiously below the key resistance of $34.00 in Monday’s North American session.
Silver price faces marginal pressure below $34.00 with an array of US data in focus. Investors will keenly focus on the US labor market and the economic growth data for fresh interest rate guidance. Iran-Israel tensions would keep the downside in the Silver price limited. Silver price trades cautiously below the key resistance of $34.00 in Monday’s North American session. The white metal faces slight pressure as traders brace for an array of United States economic data to be published this week.
00-80.00, pointing to an active bullish momentum. 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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