In an unexpected development following the U.S. Presidential election, the price of silver, or XAG/USD, took a sharp dive nearing $31.00. As preliminaries indicated a win for former President Trump, traders moved quickly causing the drop. This price change is notable, considering the strength silver maintained throughout most of 2024.nnThe Federal Reserve’s InvolvementnnThe Federal Reserve’s potential response to this price shift is now under keen scrutiny. As an institution pivotal to the country’s monetary policy, the Fed’s reactions tend to heavily impact commodity markets. Investors are now waiting for signs of changes in the interest rates or quantitative easing policies.nnMarket experts suggest closely monitoring the currency markets for any swift changes, given the volatility that political events may introduce. Read More
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