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Silver Price: XAG/USD Struggles to Rise Despite Ailing US Dollar
Silver prices continue to struggle so far this week despite a lackluster US Dollar. Since the monthly high on November 9, XAG/USD is down nearly 5%. Meanwhile, the US Dollar (DXY) gained only 0.25%. Generally precious metals, like gold and silver, tend to perform well during periods of USD weakness. chart However, factors outside the US Dollar seem to be in play. The U.S. is currently faced with another wave of Covid cases, causing many states to tighten social distancing measures. Given this impact, calls for increased fiscal support have only grown stronger. Fed Chair Jerome Powell, along with other governors ... (full story)