Silver price (XAG/USD) continues its losing streak for the fourth successive day, trading around $30.50 per troy ounce during the Asian hours on Tuesday.
Silver price extends its losing streak as short-term price momentum weakens. The alignment of the nine- and 14-day EMAs suggests a lack of strong directional momentum. The initial support appears at a psychological $30.00 level, followed by a “throwback support” at its three-month low of $29.65. Silver price continues its losing streak for the fourth successive day, trading around $30.50 per troy ounce during the Asian hours 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.
XAGUSD Technical Analysis Commodities Metals Silver
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