Silver Sluggish in Wake of Fed’s Rate Decision, Trades Below $34.00 – Commodity Market Update

Following the Federal Reserve’s decision on interest rates, the XAG/USD continues to trade below $34.00. The decision, which was widely anticipated by market observers and investors alike, has had a far-reaching impact on the commodities market, with silver being notably affected. Despite favorable market conditions and ongoing economic recovery, the silver price has failed to gain momentum and breach the $34.00 resistance level. This, in turn, has prompted a series of price corrections. However, experts urge investors not to lose hope as the XAG/USD price is expected to rebound in the near future. For now, it appears that silver might remain bearish, at least for the short-term trading period, only to stage a possible comeback in the long run. Read More