Commodities
Silver Prices Rebound on Weaker Dollar Amid Ongoing Tensions with Iran
Silver prices rebounded on Wednesday, rising by 2.64% to around $67.50 as the US Dollar softened.
The weaker Greenback made Silver cheaper for investors using other currencies, but its recovery was offset by surging energy prices and escalating tensions between the United States and Iran.
The sharp rise in Oil prices amid the conflict revived inflation concerns and strengthened expectations of higher US interest rates, a prospect that represents a headwind for Silver due to its non-yielding nature.