Why are silver prices climbing for a sixth straight session?
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Why are silver prices climbing for a sixth straight session?
Silver extended its rally for a sixth straight session on Wednesday, with XAG/USD trading around $86.80 per troy ounce in Asian hours, as strong industrial demand continued to outweigh the usual pressure from higher US inflation and a tougher interest-rate backdrop.The move was notable because it came after hotter-than-expected US consumer price data reinforced the view that the Federal Reserve may need to keep policy restrictive for longer. Tha…
Silver Price Advances Toward $87.00 As Industrial Demand Strengthens
BitcoinWorld Silver Price Advances Toward $87.00 as Industrial Demand Strengthens Silver prices edged higher in early trading this week, with XAG/USD approaching the $87.00 mark as renewed industrial demand and supply-side constraints supported the precious metal. The move comes amid a broader rally in industrial commodities and heightened investor interest in metals tied to green energy and electronics manufacturing. Industrial Demand Driving …
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