Silver Price Tumbles as Inflation Expectations De-Anchor
Silver (XAG/USD) fell 1.33% to near $58.00 during European trading on Thursday, pressured by elevated energy prices following renewed US-Iran tensions that have de-anchored inflation expectations.
XAGUSD
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.
Source: FXStreet Forex News