Silver (XAG/USD) pauses its intraday advance on Wednesday, consolidating below the daily high as initial optimism around US-Iran ceasefire efforts fades following Iran’s response.
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $73.26 per troy ounce, up 2.76% from the $71.30 it cost on Tuesday.
Silver price (XAG/USD) extends its winning streak for the third trading day on Wednesday, trading over 2% around $73.00 during the European session. The white metal strengthens amid increased efforts from United States (US) President Donald Trump to end the war in the Middle East.
Silver price (XAG/USD) holds positive ground near $79.90 during the early European session on Wednesday. Escalating tensions in the Middle East push demand toward safe-haven assets like silver.
Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data. Silver trades at $79.37 per troy ounce, broadly unchanged 0.06% from the $79.33 it cost on Tuesday.
Silver (XAG/USD) lacks a firm intraday direction and oscillates in a narrow range during the Asian session on Wednesday as traders opt to wait on the sidelines ahead of the crucial FOMC rate decision.
Silver (XAG/USD) prices retreated nearly 2% on Tuesday, even as the Greenback remained softer and US Treasury yields fell. Higher Crude Oil prices pressure the white metal, which is down 1.81% in the week, while risk appetite improves.
