Silver price (XAG/USD) extends its winning streak for the fifth consecutive day, trading around $34.10 during the Asian session on Monday.
Silver price receives support from safe-haven flows amid rising Middle-East tensions. Israel targeted the offices of Hezbollah's al-Qard al-Hassan financial institution in southern Beirut. The non-yielding Silver gains ground due to easing monetary policies from major central banks. Silver price extends its winning streak for the fifth consecutive day, trading around $34.10 during the Asian session on Monday.
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.
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