Silver price (XAG/USD) is down almost 3% below $73.00 during the European trading session on Tuesday. The white metal faces intense selling pressure as investors turn cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.
Silver (XAG/USD) accelerated its downtrend on Tuesday, to hit fresh two-week lows at $73.35 at the time of writing, as markets shift focus from the war to the world’s major central banks, which will release their monetary policy decisions this week.
Silver price (XAG/USD) falls around 1.5%, trading around $74.40 per troy ounce during the Asian hours on Tuesday. The non-yielding metal declines as the US–Iran conflict fuels an energy-driven inflation shock, raising expectations of prolonged or tighter central banks’ policy.
Silver (XAG/USD) declines and is trading around $74.90 on Monday, down 1.06% on the day. The white metal struggles to find a clear direction in an environment marked by investor caution.
Silver (XAG/USD) keeps trading within a roughly $2 range, between $75 and $77 on Monday, amid a cautious market mood, as investors await further developments in the US-Iran peace negotiations and interest rate decisions by some of the world’s major central banks.
Silver price (XAG/USD) gains ground for the second successive day, trading around $76.00 per troy ounce during the Asian hours on Monday. The white metal inches higher on increased safe-haven demand amid stalled US–Iran peace talks.
Silver price edges up over 0.50% during Friday’s session, after bouncing off a daily low of $73.10. Speculation about a resumption of negotiations between Washington and Tehran is cheered by investors, which pushed US equities higher in tandem with the precious metals segment.
Silver (XAG/USD) trades flat on Friday, lacking clear direction as upside remains capped by Oil-driven inflation linked to ongoing US-Iran tensions, which have raised expectations of a prolonged higher interest rate environment.
Silver (XAG/USD) trades lower for the second consecutive day on Friday, weighed by the US Dollar’s strength, as investors lose their hopes of a swift end to the Middle East conflict.
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.
Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.
Silver price (XAG/USD) declines after registering modest gains in the previous day, trading around $77.60 per troy ounce during the Asian hours on Thursday.
Silver (XAG/USD) nudges higher on Wednesday, but remains at the lower range of Tuesday’s trading, consolidating below $78.00 and with the previous support area of $78.50 capping upside attempts, for now.