Silver price depreciates as US Dollar improves due to higher yields. The non-yielding Silver may rebound as recent US inflation data raised the expectations of the Fed reducing rates in 2024. Demand uncertainties in China, the largest consumer of Silver , might add to the pressure on prices. Silver price halts its three-day winning streak, hovering around $29.30 per troy ounce during the European trading hours on Tuesday.
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.
Source: Digital Coin News (digitalcoinnews.net)
XAGUSD Commodities Macroeconomics Silver
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