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Silver Price Forecast: XAG/USD tests the $55 floor as sellers retain control
Silver (XAG/USD) extends its decline on Thursday as the US Dollar (USD) rebounds and US Treasury yields stabilize following a two-day drop driven by softer-than-expected US inflation data. At the time of writing, XAG/USD trades around $55.75, down 3.50% on the day. Despite the softer inflation readings, price pressures could pick up again as escalating tensions in the Middle East drive Oil prices higher. This keeps the possibility of a Federal Reserve (Fed) interest rate hike later this year alive, supporting the US Dollar and weighing on the non-yielding metal, which typically performs better in a low-interest-rate ... (full story)
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