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Commodities

Silver Price Tumbles Amid Fed Rate Hike Fears and Oil Surge

Guavy AI Editorial Team
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Oil Silver
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Silver prices have slipped to near $66.00 per ounce as investors weigh the risks of further Federal Reserve interest rate hikes and surging oil prices.

The XAG/USD pair retreated from recent highs as market participants repositioned ahead of key economic data and central bank signals.

Fed officials' hawkish stance has led traders to price in additional rate increases, which typically boost the US dollar and weigh on non-yielding assets like silver.

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