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Silver Price Prediction – Silver prices stabilize near their lows since July 2020 amid risk-off market sentiment
Silver prices consolidate lower as Treasury yields and riskier assets fall. The dollar hits two-year highs as fearful investors pile in for the greenback’s safe-haven appeal. Benchmark yields pulled back as investors rotated into bonds as the selling of equities continued due to rising inflation pressures. The ten-year yield dropped 7 basis points today. Gold prices moved lower amid greater selling pressures as the dollar extends gains. Oil prices whipsawed this week, rising on Thursday due to geopolitical tensions regarding the embargo on Russian oil, supply, concerns, and continued lockdowns in China. Initial ... (full story)