Silver (XAG/USD) Struggles to Build Momentum Above $60.00
Silver trades with modest gains on Wednesday as the US Dollar pulls back, but upside momentum remains limited due to energy-driven inflation concerns and uncertainty over Fed rate policy.
XAGUSD
Silver (XAG/USD) edged higher on Wednesday, finding support from a slight pullback in the US Dollar. However, the metal has failed to gain strong upward traction as market participants weigh the implications of energy-driven inflation risks on the Federal Reserve's interest rate path.
The lack of decisive momentum keeps the pair in a tight range. Traders remain cautious ahead of further economic data that could clarify the Fed's stance, while energy price volatility continues to cloud the inflation outlook.
Source: FXStreet Forex News