Silver price (XAG/USD) extends its losses for the second consecutive session, trading around $28.50 per troy ounce during the early hours on Monday.
Silver price loses ground as US PCE Index data diminishodds of an aggressive Fed rate cut in September. According to the CME FedWatch Tool suggests a 70.0% chance of at least a 25 basis point Fed rate cut in September. Safe-haven Silver may come under downward pressure following widespread protests that erupted in Israel on Sunday. Silver price extends its losses for the second consecutive session, trading around $28.50 per troy ounce during the early hours on Monday.
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.
Commodities XAGUSD Macroeconomics Silver
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