In a dramatic twist in the commodities market, Silver prices (XAG/USD) have advanced beyond the $31.00 mark for the first time in ages, boosted by declining US yields. The mounting pressures on the American bond market and its subsequent impacts on interest rates are factoring into this strong bullish rally in the Silver markets. With the US Federal Reserve adopting a cautious stance amid economic uncertainties, there might be more room for XAG/USD to extend its gains in the near term. Investors and traders are strongly urged to stay informed and adjust their strategies accordingly.
Stay tuned for more updates and insights on the fluctuating precious metals market. Read More
Leave a Reply