Commodities
Silver Price Stuck in Trading Range Amid Tighter Monetary Policies
The silver price has been contained within a narrow trading range of $62.00 to $68.00, with bulls struggling to break above $68.00 on Wednesday.
Market expectations of tighter monetary policies from major central banks and a strong US Dollar are weighing on precious metals.
Investors remain cautious ahead of key events at the UN Summit, including meetings between President Trump and Iranian President Peseshkian, and Chinese President Xi Jinping.
The silver price is currently trading around $66.24, with technical indicators showing a consolidation phase rather than a clear upward or downward trend.