Silver Falls for Third Day on Fed Outlook, Mideast Ceasefire
Silver (XAG/USD) declined for a third consecutive session on Friday, dropping 1.31% to around $64.85, pressured by a hawkish Federal Reserve stance and a ceasefire in the Middle East.
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Silver extended its losing streak for a third consecutive day on Friday, trading around $64.85 with a daily loss of 1.31%. The white metal remains under pressure as investors reassess the outlook for US monetary policy and geopolitical developments.
The Federal Reserve's hawkish signals continue to weigh on precious metals demand, while a ceasefire in the Middle East has further reduced safe-haven buying interest.
Source: FXStreet Forex News