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Commodities

Silver Prices Plummet Amid Broad Metals Market Retreat

Guavy AI Editorial Team
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Oil Silver
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Silver prices dropped to around $65 an ounce on Tuesday as investors took profits following a strong rally in the metals market.

The decline was part of a broader pullback across the metals market, with silver facing pressure from rising oil prices that kept inflationary risks and interest rate concerns in focus.

This comes after President Donald Trump said he was not interested in extending the interim peace deal between the US and Iran, dimming prospects for a new agreement.

However, silver continued to find support from fading expectations for a Federal Reserve rate hike following weak US economic data.

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