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Silver Price Forecast: XAG/USD edges higher to all-time high above $52.50 as short squeeze deepens

From fxstreet.com

Silver price (XAG/USD) attracts some buyers to near $52.60 during the early Asian session on Tuesday. The white metal has reached a fresh all-time high, surpassing its previous peak from 1980, as a historic short squeeze in London intensified. The rally in Silver price is bolstered by concerns over a depleting silver inventory in London, which drove prices to a premium over those seen in New York and prompted traders to ship metals across the Atlantic for a profit. Additionally, global trade uncertainties have fueled safe-haven demand, supporting the precious metal. US President Donald Trump on Friday threatened an ... (full story)

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  • Category: Fundamental Analysis