Oil Surge Pressures Silver as Fed Cut Outlook Slides to September

1 min read
Source: FXEmpire
Oil Surge Pressures Silver as Fed Cut Outlook Slides to September
Photo: FXEmpire
TL;DR

Silver slips as crude oil rallies above $100, lifting inflation fears and pushing Fed rate-cut expectations toward September; higher yields and a stronger dollar are prompting traders to trim long silver positions ahead of possible rate relief.

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