The silver price (XAG/USD) extends the rally near $32.25 during the early European trading hours on Wednesday.
Silver price extends its upside around $32.25 in Wednesday’s European session, up 0.50% on the day. The rising industrial demand for silver and ongoing Middle East geopolitical risks support the white metal. The upbeat US economic data and the Fed’s hawkish tone might cap the silver’s upside. The silver price extends the rally near $32.25 during the early European trading hours on Wednesday.
Israeli Prime Minister Benjamin Netanyahu has vowed to continue the war against Hamas amid international condemnation of an air strike that killed at least 45 people in Rafah on Sunday, per the BBC. On the other hand, the stronger US economic data and the hawkish messages from the Federal Reserve might cap the further upside for the white metal.
Commodities XAGUSD Macroeconomics Silver
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Analysis: XAG/USD edges up yet remains below $32.00Silver's price advanced 0.47% on Tuesday but remains trading below a significant eight-year high reached on Monday at $32.51.
Read more »
Silver Price Analysis: Silver price forming a Bear Flag price patternSilver (XAG/USD) price may have formed a Bear Flag pattern on the 4-hour chart with negative implications for the precious metal’s price going forward.
Read more »
Silver Price Analysis: XAG/USD dips slightly, remains bullish above $27.00Silver's price edged down late during Monday’s North American session.
Read more »
Silver Price Analysis: XAG/USD surges above $31.50 amid thin tradingSilver prices rallied sharply on Monday, posting gains of more than 4%.
Read more »
Silver Price Forecast: XAG/USD holds gains above $27 on Fed rate-cut optimismSilver price (XAG/USD) falls slightly from weekly high of $27.50 but manages a firm-footing above the crucial support of $27.00 in Tuesday’s late European session.
Read more »
Silver Price Analysis: XAG/USD soars above key resistance as buyers’ eye $29.00Silver prices rallied sharply as US Treasury yields tumbled, and the Greenback weakened as major central banks opened the door to ease policy.
Read more »