Silver price (XAG/USD) falls further to near $30.20 in European trading hours on Tuesday.
Silver price weakens as Trump’s victory is expected to boost US growth and consumer spending. The US Dollar rallies on expectations that the Fed could follow a slower policy-easing approach. Investors expect the Fed to cut interest rates by 25 bps in December. Silver price falls further to near $30.20 in European trading hours on Tuesday.
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.
XAGUSD Fed Dollarindex Yieldcurve 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 rises toward $31.50 due to escalating geopolitical tensionsSilver price (XAG/USD) extends its winning streak for the third consecutive day, trading around $31.30 per troy ounce during the Asian session on Monday.
Read more »
Silver Price Forecast: XAG/USD falls but clings to $31.00Silver's price dropped during the North American session on Monday, courtesy of a broad risk-on mood.
Read more »
Silver Price Analysis: XAG/USD shows resilience below 100-hour SMA, holds steady above $31.00Silver (XAG/USD) reverses an intraday slide to the $30.75 area and climbs to the top end of its daily range during the early part of the European session on Tuesday.
Read more »
Silver Price Forecast: XAG/USD moves above $31.50 as US Treasury yields easeSilver price (XAG/USD) continues its winning streak for the fifth consecutive day, hovering around $31.70 per troy ounce during the Asian trading hours on Wednesday.
Read more »
Silver Price Forecast: XAG/USD surges as bulls target $32.00Silver prices climbed on Wednesday as US Treasury yields fell, a tailwind for the non-yielding metal.
Read more »
Silver Price Forecast: XAG/USD falls to near $31.50, downside appears limitedSilver price (XAG/USD) dips slightly after two days of gains, trading around $31.60 per troy ounce during Thursday's Asian session.
Read more »