Silver (XAG/USD) stages a goodish recovery from the $26.45 area, or a three-month low touched during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak.
Silver reverses an intraday dip to a fresh multi-month low touched earlier this Thursday. The technical setup remains tilted in favor of bearish traders and warrants some caution. The intraday positive move is more likely to confront stiff resistance near the $27.50 area. Silver stages a goodish recovery from the $26.45 area, or a three-month low touched during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak.
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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