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Why Silver Is Falling? XAG/USD Price Drops Below $84 After 13% Two-Day Collapse
Silver fell to $83.70 per ounce on Tuesday, March 3, 2026, down another 7% on the day after losing nearly 5% on Monday, wiping out the entire safe-haven premium built on the back of the US-Israel strikes on Iran and the closure of the Strait of Hormuz that rattled global markets at the weekend. From Monday's opening spike above $96, the metal has now shed roughly 13% in just 48 hours, returning to the same sideways range that defined the entire month of February. Gold, by contrast, closed Monday up 1% and is falling just 1.3% on Tuesday, trading near $5,256. Silver, as it has repeatedly demonstrated throughout 2026, ... (full story)
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Gold’s powerful rebound from February lows has lost momentum after failing to sustain a move beyond technical resistance. The decline takes price into initial support, and a reaction here could determine whether the advance was simply overextended or whether a more meaningful pullback is developing. With volatility elevated amid the ongoing war in Iran and ...
From dailyforex.com | Mar 3, 2026
Gold gapped higher on geopolitical tensions but quickly sold off as initial panic faded. The gold market gapped higher to kick off the trading session here on Monday, which is not a huge surprise when you look at the state of the world with the United States and Israel attacking Iran. And this is a market that I think is going to be very noisy and will of ...
From miningweekly.com | Mar 3, 2026
Goldman Sachs said Monday the biggest risks to aluminium stem from potential disruptions to export routes and access to raw materials through the Strait of Hormuz, noting that the effect on prices should be limited if shipping disruptions are short. Benchmark aluminium on the London Metal Exchange rose to its highest in more than a month following the joint ...
