Silver Holds Decline on Inflation Worries
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Silver prices fell below $77 an ounce, dropping over 13% in two sessions due to inflation concerns linked to rising energy prices. A stronger US dollar and increased Treasury yields, alongside UBS's reduced silver demand forecast to 300 million ounces, further pressured the market. The global silver market deficit is now expected to narrow to 60–70 million ounces, down from 300 million ounces.
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Source: Trading Economics The copyright of this article belongs to the original author/organization.
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