Silver price (XAG/USD) remains stable with a positive outlook, it may extend its winning streak for the third consecutive day.
Silver price may extend its winning streak as recent inflation raises the odds of the Fed’s rate cuts. US PCE Price Index increased by 2.6% YoY in May, down from 2.7% in April. Silver may limit its upside due to demand uncertainties in China, the largest consumer of grey metal. Silver price remains stable with a positive outlook, it may extend its winning streak for the third consecutive day. The XAG/USD pair trades around $29.10 per troy ounce during early European hours on Monday.
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.
XAGUSD Macroeconomics Commodities Silver
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Forecast: XAG/USD bounces back above $29 with US Inflation under spotlightSilver price (XAG/USD) recovers sharply from a six-week low of $28.60 in Thursday’s New York session.
Read more »
Silver Price Forecast: XAG/USD stays firm above $29 amid firm Fed rate-cut hopesSilver price (XAG/USD) gains ground above the crucial support of $29.00 in Wednesday’s New York session.
Read more »
Silver Price Forecast: XAG/USD holds above $29.00 despite fading Fed rate cut hopesThe Silver price (XAG/USD) trades in positive territory near $29.05 on Friday during the early European session.
Read more »
Silver Price Forecast: XAG/USD drops toward $28.50 due to bearish biasSilver price (XAG/USD) continues its losing streak for the third successive session, trading around $28.70 per troy ounce during the early European session on Thursday.
Read more »
Silver Price Forecast: XAG/USD slides below $29.40 as US Dollar reboundsSilver price (XAG/USD) slumps below lower end of Monday’s trading range near $29.40 in Tuesday’s New York session.
Read more »
Silver Price Forecast: XAG/USD falls toward $29.50, followed by a 50-day EMASilver price inches lower to near $29.60 per troy ounce during the early European session on Tuesday.
Read more »