Silver price (XAG/USD) price breaks its three-day winning streak, trading around $29.30 per troy ounce during the Asian session on Tuesday.
Silver price edges lower due to the de-escalationof the geopolitical tensions in the Middle East. US Secretary of State Antony Blinken announced that Israel had agreed to a proposal for a Gaza ceasefire. Fed President Neel Kashkari indicated that discussing potential US rate cuts in September is warranted. Silver price price breaks its three-day winning streak, trading around $29.30 per troy ounce during the Asian session on Tuesday.
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.
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