Silver (XAG/USD) prices moved higher to around $32.60 during Asian trading hours on Monday (24/2).
A weaker US Dollar (USD) provided some support to the USD-denominated commodity prices. Meanwhile, uncertainty and concerns over US President Donald Trump's tariff plans could increase inflows of safe-haven assets, contributing to the rise in silver prices.
In addition, the market will focus on the release of the US Personal Consumption Expenditure (PCE) Price Index, the Fed's preferred measure of inflation, on Friday this week.
Silver prices when this news was released were at $32,630/Toz.
Source: Newsmaker.id
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