Commodities
Silver Prices Tumble on Rate Hike Fears, Oil Price Stability May Spark Recovery
Silver prices have fallen to near $66.50 as the Federal Reserve signals further rate hikes, causing investors to take profits and reduce their exposure to risk assets.
However, silver prices may regain ground as oil prices steady after five days of losses, helping to ease concerns over broader inflation.
US Special Envoy Steve Witkoff noted that the US held 'lengthy' indirect talks with an Iranian delegation via mediators on the sidelines of the United Nations General Assembly (UNGA).