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Forex

US Dollar Rally Pressures Silver Prices Ahead of Crucial Jobs Report

Guavy AI Editorial Team
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USD
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Silver prices are down 1.73% to around $60.95 on Thursday, pressured by the US Dollar's rebound and profit-taking.

The stronger US Dollar makes Silver less appealing to holders of other currencies, while safe-haven flows continue to support the Greenback amid ongoing geopolitical tensions in the Middle East.

Hopes for easing supply disruptions are supporting expectations of lower Oil prices, which could contain global inflation pressures and reduce the likelihood of monetary tightening by major central banks.

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