Silver Slips as Inflation Fears Rise Amid Iran Tensions
Silver prices dipped on Friday as investors grew concerned about inflation, fueled by rising crude oil costs and higher US Treasury yields. The non-yielding metal traded near $60.30 per troy ounce in Asian dealings after failing to extend its advance from the previous session.
The pullback came as renewed concerns about inflation resurfaced, driven by a jump in crude oil prices amid fears of a worsening confrontation between the United States and Iran. The non-yield-bearing metal also faced headwinds from a firmer US Dollar and rising US Treasury yields.
Fed official Logan delivered a notably more hawkish message, highlighting stronger conviction that policy rates must move higher. He emphasized the need for tighter policy to restore price stability and combat inflation risks, including those posed by artificial intelligence.