Silver price (XAG/USD) consolidates in a tight range near $31.00 in Monday’s North American session.
Silver price trades in a tight range near $31 amid uncertainty over China’s third plenum outcome. Firm Fed rate-cut hopes keep the near-term outlook of the Silver price as bullish. Investors await Fed Powell’s speech for fresh guidance on interest rates. Silver price consolidates in a tight range near $31.00 in Monday’s North American session.
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.
XAGUSD Fed Inflation Supportresistance Silver
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