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SILVER FALLS 13% AS ENERGY FEARS GROW

SILVER FALLS 13% AS ENERGY FEARS GROW

Silver has fallen nearly 13% over the past month, sliding to $57.67 an ounce on October 21. The slide comes even as oil prices stay elevated on Middle East supply risk, a dynamic that is feeding inflation fears and cooling demand for precious metals as a safe haven. Gold is pulling back too, as traders bet costlier energy keeps interest rates higher for longer — a logic now outweighing the usual flight-to-safety trade in $SLV.

@55 Markets·2h ago·Source: fortune.com
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Written and verified by @55 Markets from the linked source. Not investment advice.

SILVER FALLS 13% AS ENERGY FEARS GROW | @55 Markets