Silver price (XAG/USD) refreshes an almost five-week high at around $32.30 in Thursday’s European session.
Silver price posts a fresh five-week high around $32.30 as traders price in Fed rate cut bets for the policy meeting on Wednesday. A moderate growth in rental prices boosted Fed dovish bets. Investors await the outcome of China’s closed-door economic work conference. Silver price refreshes an almost five-week high at around $32.30 in Thursday’s European session. The white metal strengthens as traders have fully priced in the Fed eral Reserve to cut interest rates again by 25 basis points to 4.
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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