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Silver Price Forecast: XAG/USD remains vulnerable near $75 as oil prices hold weekly gains

Silver price (XAG/USD) trades with caution near its 10-day low around $75 during the Asian trading session on Friday. The white metal has been under pressure as oil prices reflect strength due to the prolonged closure of the Strait of Hormuz, a critical passage to almost 20% of global energy supply.

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Silver price (XAG/USD) trades with caution near its 10-day low around $75 during the Asian trading session on Friday. The white metal has been under pressure as oil prices reflect strength due to the prolonged closure of the Strait of Hormuz, a critical passage to almost 20% of global energy supply.