Silver slips below $57 as surging oil fuels inflation fears
Silver price (XAG/USD) loses ground for the second successive day, trading around $56.80 per troy ounce. Non-yielding silver faces challenges as surging oil prices fuel inflation fears and boost expectations of a Federal Reserve rate hike.
Original · FXStreet AI summary of public reporting
Why: Surging oil prices fuel inflation fears → higher Fed hike bets pressure silver
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Prices since publication
At publication → CurrentSILVER56.82 → 56.37−0.8%
BRENTOIL106.40 → 106.63+0.2%
CL98.30 → 98.48+0.2%