Silver price (XAG/USD) soars to near $33.00 in Monday’s North American session.
Silver price climbs to near $33.00 as traders brace for fierce us Trump-Harris battle. Lower US bond yields have prompted a strong recovery in the Silver price. The Fed is expected to cut interest rates by 25 bps on Thursday. Silver price soars to near $33.00 in Monday’s North American session. The white metal strengthens as US Treasury yields dive, with investors turning anxious ahead of the United States presidential elections on Tuesday. 10-year US Treasury yields plummetto near 4.27%.
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. 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.
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