Silver Tumbles Toward $65 Amid Oil Price Surge

Silver prices have retreated to around $65 per ounce as concerns about inflation resurface due to rising oil prices.

The recent increase in oil prices has reignited worries that global inflationary pressures could persist, potentially forcing central banks to maintain a tighter monetary policy stance for an extended period.

This development is pressuring silver, which often trades as a monetary metal, as investors reassess its appeal relative to yield-bearing assets.