Silver price (XAG/USD) continues its winning streak for the fifth consecutive day, hovering around $31.70 per troy ounce during the Asian trading hours on Wednesday.
Silver price appreciated as US Treasury yields declined following weak NY Empire State Manufacturing Index release on Tuesday. 2-year and 10-year yields on US Treasury bonds stand at 3.95% and 4.03%, respectively, by the press time. The safe-haven Silver may appreciate further as Israel may intensify its ground operations against Hezbollah. Silver price continues its winning streak for the fifth consecutive day, hovering around $31.70 per troy ounce during the Asian trading hours on Wednesday.
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. 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.
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