Silver price (XAG/USD) holds recovery to near $31.00 in Wednesday’s North American session after the release of the United States (US) Consumer Price Index (CPI) data for October.
Silver price bounces back to near $31.00 after the US inflation report, which showed that price pressures remain sticky. Annual headline and core CPI rose by 2.6% and 3.3%, respectively, as expected. The optimism on Trump trades will keep the Silver price edgy. Silver price holds recovery to near $31.00 in Wednesday’s North American session after the release of the United States Consumer Price Index data for October.
A bearish momentum will trigger if the RSI sustains below the same. 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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