Silver's price extended its gains to three straight days yet remains below the $32.00 figure as US Treasury yields cap the grey metal’s advance.
Silver rises third day; capped below $32.00 amid high US Treasury yields. Momentum suggests more gains; resistance eyed at $32.17, May high at $32.51. Support at $31.37; break below could lead to retests of $30.76, October low $30.12. Silver 's price extended its gains to three straight daysyet remains below the $32.00 figure as US Treasury yields cap the grey metal’s advance.
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.
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