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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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