Silver Slips Toward $65 as Oil Rebound Stirs Inflation Fears
Silver extended its correction on Tuesday, trading near $65.05 and down 2.31% as a rebound in oil prices revived inflation concerns.
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The metal’s decline brought it closer to the $65 mark after opening lower. The sell-off was linked to a jump in crude oil prices, which reignited fears of persistent inflation.
Higher inflation tends to weigh on non-yielding assets like silver, as it increases the likelihood of tighter central bank policies.
Source: FXStreet Forex News