Silver Awaits Fed Rate Cut. Forecast as of 09.07.2024

While silver's bullish market will be buoyed by its industrial use and the automobile revolution in the long term, the XAGUSD pair has other drivers on the medium-term investment horizon. Let's discuss them and make a trading plan.Highlights and key points Silver shows higher volatility than gold. Solar panels and electric cars will allow XAGUSD to grow in the long term. The Fed's signals about rate cuts are a reason to buy the precious metal. Silver can reach $34.2 and $36.4 per ounce.Mont