Silver falls near $60 on higher oil, stronger USD
Silver price (XAG/USD) extends losses for a second day, trading around $60 per troy ounce as rising oil prices fuel inflation concerns and bolster expectations of further Federal Reserve interest rate hikes.
Original · FXStreet AI summary of public reporting
Why: Higher oil fuels inflation → more Fed hikes
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Prices since publication
At publication → CurrentSILVER60.20 → 60.19−0.0%
CL91.88 → 91.62−0.3%