Silver (XAG/USD) reverses an intraday dip and climbs to a fresh one-month peak during the early part of the European session on Tuesday.
Silver turns positive for the fourth straight day and climbs to a fresh one-month top on Tuesday. The technical setup favors bullish traders and supports prospects for a further appreciating move. Weakness below the $29.20 confluence hurdle breakpoint could be seen as a buying opportunity. Silver reverses an intraday dip and climbs to a fresh one-month peak during the early part of the European session on Tuesday. The white metal currently trades around the $29.60-$29.65 area, up over 0.
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. Which factors influence Silver prices? Silver prices can move due to a wide range of factors.
Commodities Technical Analysis XAGUSD Silver
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