Silver prices edged up in midday US trading on Tuesday after falling more than 3% in the previous session, as the dollar weakened following weaker-than-expected US inflation data.
Looking ahead, investors are focused on US consumer price index data for further insight into the Fed's policy direction. Despite the recent decline, silver has surged nearly 3% last week, marking its best weekly performance since mid-November. Silver continues to find support from strong industrial demand, particularly in renewable energy and electronics, as well as ongoing supply concerns.
Source: Newsmaker.id
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