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XAGUSD Tumbles as Geopolitical Tensions Ease and Fed Rate Hike Odds Rise

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The Story

News Summary

  • Silver prices remain pressured near late-March lows as de-escalation in Middle East tensions reduces safe-haven demand.
  • Simultaneously, robust US labor data has spiked Treasury yields and the dollar, significantly increasing market expectations for a Federal Reserve rate hike by year-end, which negatively impacts non-yielding silver.
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Stored market data

XAGUSD price history

64.50 -30.05% over the displayed period

Advisor Snapshot

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