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Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $29.04 per troy ounce, up 0.26% from the $28.97 it cost on Thursday. Silver prices have increased by 14.02% since ...
The US Producer Price Index (PPI) rose 2.2% YoY in May, compared to the 2.3% increase in April, below expectations.
Silver is up 22.83% since the beginning of the year, as of 9 a.m. The 52-week high reached $32.51 on May 19, 2024, and the 52-week low dropped to $20.69 on Oct. 2, 2023.
Silver initially fell during the trading session on Thursday but has since bounced from the 50-day EMA in a technically driven move, but also driven by the PPI numbers in the United States missing the ...
Silver may find some support from the recent inflation slowdown, but the delay in rate cuts could limit any significant upward momentum.