Story preview
Continue reading on the publisher site for the full article.
Read on publisher →www.tmgm.com
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
6
in the last 3 days
First reported
3 days ago
5 outlets since
Countries
5 other outlets reported this story in the last 3 days.
Context from Wikipedia on the organisations, people and places in this story.
Investment in the precious metal silver
Silver may be held as an investment through physical bullion, bullion coins, exchange-traded products, futures and other derivatives, storage accounts, and shares of silver-mining companies. Silver has both industrial and investment demand, with uses including electrical and electronic products, photovoltaics, jewelry, silverware, coins, medals, and other industrial applications.
More on Wikipedia ↗
Currency of the United States
The United States dollar is the official currency of the United States (U.S.) and several other countries. The U.S. Coinage Act of 1792 established the dollar as the base unit, with each dollar divided into 100 cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
More on Wikipedia ↗Silver price (XAG/USD) gains ground after three days of losses, trading around $60.10 per troy ounce during Asian hours on Friday. Non-yielding Silver gains support as a decline in oil prices eases inflationary concerns and Fed rate hike expectations.
Silver trades below its long-term midpoint as rising Treasury yields, a firm dollar and December Fed-hike odds keep sellers in control before the 30-year sale.
Silver price extends its losses, following Gold’s path, as the latest Fed Minutes showed that officials expect another rate increase towards the year-end. The XAG/USD trades at $59.69, down by over 1.67%.