Silver price (XAG/USD) faces nominal selling pressure after touching a fresh more than two-year high at $26.55 in the European session on Wednesday. The near-term demand for the white metal is upbeat due to deepening geopolitical tensions and a correction in the US Dollar.
Silver price ( XAG/USD ) faces nominal selling pressure after touching a fresh more than two-year high at $26.55 in the European session on Wednesday. The near-term demand for the white metal is upbeat due to deepening geopolitical tensions and a correction in the US Dollar. Major agencies have accused Israel’s military for targeting charity staff who were advised to deliver necessities to civilians in Gaza.
Non-yielding assets, such as Silver, expect higher investment in times of geopolitical uncertainty. Meanwhile, a corrective move in the US Dollar has also boosted Silver prices. The US Dollar Index (DXY) drops to 104.73 despite the upbeat United States Manufacturing PMI data for March has improved the economic outloo
Silver Price XAG/USD Selling Pressure Two-Year High European Session Near-Term Demand White Metal Geopolitical Tensions Correction US Dollar
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