Silver Prices Plunge Below $70 After 43% Drop from Peak
Last
The spot price hit a low of $68.94 during mid-afternoon trading, down over 5% on the day, while gold slipped nearly 3% to around $4,600-$4,800. Pressures include a stronger U.S. dollar, steady Fed rates at 3.50%-3.75%, and surging oil prices from Middle East tensions that delay rate cuts until late 2026 or 2027. Silver ETFs saw their first outflows in over two years, though bulls point to China's heavy imports and a forecasted 67-million-ounce market deficit driven by solar and electronics demand.
Niciun comentariu:
Trimiteți un comentariu