Silver price (XAG/USD) extends its downside below $32.00 in Monday’s European session.
Silver price falls sharply below $32.00 as US bond yields rise further. Surprisingly upbeat US NFP data forced traders to pare Fed large rate cut bets. Middle East tensions are expected to offer support to the Silver price. Silver price extends its downside below $32.00 in Monday’s European session.
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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