Silver price (XAG/USD) stays above $29.00 per troy ounce during the European session on Wednesday.
Silver price remains steady ahead of US PMI data due on Wednesday. The slowdown in the Chinese economy could negatively impact the industrial demand for Silver . The safe-haven Silver may struggle due to the increased ceasefire optimism in the Middle East. Silver price stays above $29.00 per troy ounce during the European session on Wednesday.
Meanwhile, in China, Palestinian factions Hamas and Fatah have signed a declaration to form a unity government and resolve their long-standing rift. 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.
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