Silver price (XAG/USD) advances to $24.70 in the late Asian session on Thursday.
Silver price moves higher to $24.70, while the broader trend is sideways. The core PCE inflation will provide cues about Fed’s rate cut timing. Fed policymakers see three rate cuts by the year-end. Silver price advances to $24.70 in the late Asian session on Thursday. The white metal posts gains ahead of the United States core Personal Consumption Expenditure Price Index data for February, which will be published on Friday.
50 range from last four trading sessions. The US core PCE inflation is expected to support the USD index to blown out the consolidation. 10-year US Treasury yields rebound to 4.21% after falling sharply to 4.18% on Wednesday. Silver technical analysis Silver price consolidates in a range of $24.32-$25.00 from a week. This exhibits an indecisiveness among market participants. The 20-period Exponential Moving Average at $24.60 remain stick to the spot price, demonstrating a sideways trend.
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