Silver price (XAG/USD) moves higher to near $30.50 in Thursday’s European session.
Silver price gains to near $30.50 with a focus on China’s third Plenum outcome on Friday. The Fed is widely anticipated to begin reducing interest rates inSeptember. US annual core inflation decelerated for the third month in a row. Silver price moves higher to near $30.50 in Thursday’s European session. The white metal recovers ahead of China’s third plenum meeting outcome on Friday.
Silver four-hour 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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