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Silver shift: safe-haven flow meets dollar drag
The recent uptick in silver to above $47.5 per ounce can be understood as a convergence of stress and speculative opportunity. Markets are nervous, equities are under pressure, and investors are circling back to so-called safe havens. A key structural fuel has been the tight physical market in London, where displacement of inventories helped push silver into historically high levels earlier. On the other side, the dollar has shown strength, which typically works against dollar-priced metals like silver. At the center of the narrative is the Fed’s policy outlook. Market participants trimmed their odds of a 25 bps ... (full story)