Silver price (XAG/USD) surges above $31.50 at the start of the week.
Silver price soars above $31.50 on firm Fed dovish bets. A ceasefire between Russia and Ukraine could weigh on safe-haven demand. Investors await the annual China Central Economic Work Conference. Silver price surges above $31.50 at the start of the week. The white metal strengthens as financial market participants become increasingly confident that the Fed eral Reserve will cut interest rates by 25 basis points to 4.25%-4.50% in the policy meeting on December 18.
On the upside, the horizontal resistance plotted from the May 21 high of $32.50 would be the barrier. Silver daily chart 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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