In a striking turn of events, the XAG/USD pair, primarily representing the cost of Silver, has taken a dire dip below the $32 mark. This price slump is largely attributed to the investment maxim ‘Buy the Rumour, Sell the News’, a widely acknowledged practice where investors capitalize on speculations prior to significant economic news, only to sell when the news breaks. The affected commodities, in this case, Silver, typically end up witnessing a plummet in their value as seen on FXStreet. Read More
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