Silver price (XAG/USD) extends its correction below $31.00 in European trading hours on Wednesday after facing selling pressure near $31.50 on Tuesday.
Silver price slides below $31.00 as its safe-haven demand fades. Higher bond yields also weighed on the Silver price. Investors expect the Fed to deliver fewer interest rate cuts in the current policy-easing cycle. Silver price extends its correction below $31.00 in European trading hours on Wednesday after facing selling pressure near $31.50 on Tuesday.
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.
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