Silver price (XAG/USD) edges lower to $30.95 during the early European session on Monday.
Silver price trades in negative territory around $30.95 in Monday’s early European session, down 0.95% on the day. The US economy added fewer jobs in June, and Unemployment Rate rose to its highest level since late 2021. Fed’s hawkish stance or hotter-than-expected CPI inflation data might weigh on the white metal. Silver price edges lower to $30.95 during the early European session on Monday. The white metal declines on the back of renewed US Dollar demand and higher US bond yields.
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. 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.
XAGUSD Commodities Macroeconomics Silver
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