-
Silver Prices Inches Up, But Stability Above $23.00 Key To Avoiding Choppiness
Silver prices have returned above the $23.00 mark on Tuesday, seeking to continue the uptrend that was disrupted in Monday’s session. XAGUSD was at +0.13%, trading at $23.022 an ounce at the time of writing. Gold’s poor cousin has had a stellar run since the year begun, with the market severally rejecting prices below $22. Furthermore, it has only ended two of the last seven sessions in red. The commodity’s decline on Monday should, however, be read in the context of markets in the US closing for the Presidents’ Holiday. Silver’s use in multiple industrial applications means that its demand is closely ... (full story)