XAG/USD analysis reveals a significant 2.0% rally in Silver prices following the release of US “factory gate” inflation data, also known as the Producer Price Index (PPI). As of Thursday, Silver is trading in the $29.30 range, having breached the top of a mini-consolidation zone. The Producer Price Index for August came in mixed, with monthly readings exceeding expectations while annual data fell short, and July’s figures saw substantial downward revisions.

The mixed PPI data led to a selloff in the US Dollar (USD), which has a negative correlation with precious metals like Silver and Gold. As the USD weakened, Silver prices spiked. At the same time, US Jobless Claims data showed an uptick in benefit claimants, adding further market volatility.

This video provides an in-depth analysis of what’s driving Silver’s rally, how US inflation data is influencing precious metals, and the broader market implications of the latest economic releases. Stay informed with our expert breakdown of the XAG/USD market and what traders can expect moving forward.


#XAGUSD #SilverRally #USInflationData #PPIData #SilverPriceSurge


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