Silver prices (XAG/USD) declined toward $68.00 on June 11 as market expectations for Federal Reserve interest rate hikes intensified. Trading remained cautious around this level while investors awaited US Consumer Price Index (CPI) data. By June 12, prices slipped further toward $67.00 amid escalating geopolitical tensions in the Middle East.
Silver prices (XAG/USD) fell below the critical $60 psychological level as market expectations for a hawkish Federal Reserve stance strengthened the US dollar.
Read the full storyAmid shifting safe-haven dynamics and monetary policy outlooks, silver prices faced increased selling pressure as new bearish catalysts emerged in global markets.
Silver prices (XAG/USD) approached the $67.00 mark as intensifying Middle East tensions and shifting Federal Reserve rate expectations weighed on market sentiment.
Silver prices faced downward pressure as a strengthening US Dollar and expectations of tighter monetary policy increased the opportunity cost of holding the non-yielding metal.