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Silver Price Forecast: XAG/USD hits record $56 as bulls dominate
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XAG/USD hits record $56 as bulls dominate
Silver (XAG/USD) climbs to a fresh all-time high on Friday, buoyed by dovish Federal Reserve (Fed) expectations alongside strong industrial and investment demand. At the time of writing, XAG/USD is trading around $56.40, with prices up over 12% this week and on track to log a seventh straight monthly gain. A tightening supply backdrop is adding further support to the rally, with reports indicating that inventories at Shanghai Futures Exchange wa…
Gold, silver, platinum and palladium are attracting investors who are also waiting for the Fed's decision on interest rates.
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