Silver price (XAG/USD) edges lower to near $28.15 on Friday during the Asian trading hours.
Silver price drifts lower to $28.15 in Friday’s early Asian session, down 0.70% on the day. US July Retail Sales came in better than expected, rising 1.0% MoM; Initials Jobless Claims fell to 227K last week. Traders will watch the Fed's Goolsbee speech and first reading of US August Michigan Consumer Sentiment Index for fresh impetus. Silver price edges lower to near $28.15 on Friday during the Asian trading hours.
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.
Commodities XAGUSD Macroeconomics Silver
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