Silver Falls to $85/oz on Tuesday After 7% Rally; Geopolitical Tensions Push Oil, Inflation Concerns

GateNews

Silver prices retreated to around $85 per ounce on Tuesday, paring gains from earlier in the session. The decline came as escalating geopolitical uncertainty in the Middle East, including ongoing blockade of the Strait of Hormuz and U.S. President Trump’s rejection of Iran’s latest peace proposal, pushed oil prices higher and fueled inflation concerns. On Monday, silver surged over 7% to hit a two-month high, outperforming other precious metals, driven by expectations of increased industrial demand and its traditional safe-haven appeal. Investors are closely monitoring the latest U.S. consumer inflation data to assess how the Iran conflict may impact broader price pressures.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments