Silver Price Tumbles as Inflation Expectations De-Anchor

Silver (XAG/USD) traded 1.33% lower near $58.00 during the European session on Thursday. The white metal faced selling pressure as energy prices surged amid renewed aggression between the United States and Iran, which has de-anchored inflation expectations.

The geopolitical risk premium in energy markets weighed on silver, an industrial metal with sensitivity to inflation and growth expectations. The move extends recent weakness for XAG/USD as investors reassess the inflation outlook.