Silver price (XAG/USD) remains steady near $30.50 per troy ounce during the Asian hours on Wednesday.
Silver price appreciates as daily chart analysis suggests a possible momentum shift from bearish to bullish. The primary resistance would be found at a nine-day EMA at $30.76. The pair may navigate the area around the throwback support at the psychological level of $30.00. Silver price remains steady near $30.50 per troy ounce during the Asian hours on Wednesday.
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. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates.
XAGUSD Technical Analysis Silver
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