Silver Reverses Below $80 as Dollar Strength and Tensions Return
From fxleaders.com
Silver experienced a strong recovery after falling to around $61 in late March, regaining momentum and surging above $83 on Friday. The move marked a sharp 6% daily gain, driven largely by a weaker US dollar and shifting expectations around US monetary policy. However, the bullish momentum proved short-lived. At the start of Monday’s Asian session, silver reversed lower, dropping back below $80 as the US dollar strengthened by nearly 1%. This sudden shift highlights the fragile nature of the recent rally. Geopolitical Shifts Drive Volatility Last week’s rally was supported by signs of easing tensions in the Middle ...
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