Silver Price Flat Near $63.50 as Traders Eye US CPI Data
XAG/USD is little changed around $63.50 at the start of a key week for US inflation data, hovering close to a near seven-week high.
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Silver is trading in a tight range near $63.50 during Asian hours, struggling for direction as markets brace for the latest US CPI release. The metal remains within striking distance of last week’s almost seven-week high of $65.16.
Price action is subdued, with investors appearing hesitant to add positions ahead of the inflation figures that could shape Federal Reserve rate expectations. The flat open underscores the cautious mood across precious metals.
Source: FXStreet Forex News