Silver price (XAG/USD) extends its losing spree for the third trading session on Tuesday.
Silver price falls sharply to near $28.20 as the US Dollar rises further. Traders remain split over the Fed ’s potential rate cut size in the September meeting. Investors await the US Manufacturing PMI data for August. Silver price extends its losing spree for the third trading session on Tuesday. The white metal declines to near $28.20 as the US Dollar rises further amid uncertainty ahead of a slew of United States economic data this week.
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. Which factors influence Silver prices? Silver prices can move due to a wide range of factors.
XAGUSD Fed Dollarindex PMI Silver
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