Silver price (XAG/USD) attracts some sellers near $31.25, snapping the three-day winning streak during the early European trading hours on Friday.
Silver price trades in negative territory around $31.25 in Friday’s early Asian session, down 0.75% on the day. The rate cut hopes by the Fed and safe-haven flows add sparkle to Silver . Firmer US Dollar demand and the Fed’s hawkish stance might cap the white metal’s upside. Silver price attracts some sellers near $31.25, snapping the three-day winning streak during the early European trading hours on Friday. The white metal trims gains amid the modest rebound of the Greenback.
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.
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