Silver Prices Sink Below $60.50 Amid Inflation Concerns
Silver prices are on the decline due to rising inflation concerns following hawkish remarks from Federal Reserve officials.
The XAG/USD price slipped below $60.50, trading around $60.30 per troy ounce during Asian hours on Friday.
Rising crude oil costs driven by fears of a deteriorating conflict between the US and Iran are reigniting broader inflation concerns.