Silver price follows the rally in gold as global central banks increase their reserves.
The price of Silver has advanced to its highest level since June 2021.
The eased geopolitical situation in the Middle East could limit the advance of Silver price.
The demand for non-yielding assets like Silver is bolstered as US Treasury yields correct after two days of gains.
The industrial outlook for metals received a boost from strong manufacturing data from top consumer China and projections for increased solar installations.
Traders eagerly await the release of the US Consumer Price Index inflation data due on Wednesday for a fresh US Dollar price action, eventually impacting XAG/USD.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.