Silver price (XAG/USD) bounces back slightly above $31.00 in Thursday’s North American session after a corrective to near $30.80 on Wednesday.
Silver price recovers mildly above $31.00 on heightened geopolitical tensions. Ukraine launched UK-supplied missiles in Russia, resulting in a fresh escalation in the war. Investors await the flash US S&P Global PMI for November. Silver price bounces back slightly above $31.00 in Thursday’s North American session after a corrective to near $30.80 on Wednesday.
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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