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Commodities

Strong Dollar Sinks Silver Price

Instruments
Silver
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Silver's price has declined by 1.27% in a day, reaching $60.69 due to increased investment demand pressure from rising global bond yields and a strong US dollar.

The strengthening US dollar makes silver relatively more expensive in other currencies, dampening investment demand for the metal.

Technical indicators point to further declines, with a projected trading range of $58.57 to $62.81 and a high probability of downward pressure on prices.

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