Silver prices depreciate due to increased optimism following renewed efforts to secure a ceasefire deal in Gaza. Mediators from Egypt and Qatar have conveyed Hamas's response to a proposal involving the release of hostages held in Gaza. XAG/USD may limit its downside as the US Dollar may struggle due to rising expectations of the Fed reducing rates in 2024. Silver price halts its five-day winning streak, trading around $30.40 per troy ounce during the European session on Thursday.
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.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »