Silver Bleeds $48 Million as Oil Pressure Roars Back

BeInCrypto Editorial

(09:21 AM UTC)

1 min read

Silver (XAG/USD) was already on soft footing as speculators trimmed their bullish bets, and a fresh Iran escalation has now reignited the oil bid that works against it. Silver price has slipped over 1% day-on-day, at the time of writing.

The metal trades near $74, well off its January record near $121. Two forces are stacked against it, cooling speculative demand and an oil market that just turned…

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BeInCrypto Editorial · BeInCrypto

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