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fxJun 8, 2026, 2:16 AM

Silver Price Drops to Near $67.70 on Middle East Tensions

Silver (XAG/USD) declined for a second consecutive day, trading near $67.70 per troy ounce during Asian hours, as escalating Middle East tensions boosted oil prices and reignited inflation and interest-rate worries.

XAGUSD

Silver (XAG/USD) edged lower for the second straight session, hovering around $67.70 per troy ounce in early Asian trading on Monday.

The non-yielding metal came under pressure as renewed geopolitical turmoil in the Middle East pushed crude oil prices higher. The move stoked fresh concerns about inflationary pressures and the potential for tighter monetary policy, weighing on silver demand.

Source: FXStreet Forex News