XAG/USD declines for a third day as Middle East tensions fuel inflation concerns and hawkish Fed expectations.
Silver prices fell to $74.20 per troy ounce, extending losses for a third consecutive session amid rising expectations of prolonged higher interest rates from the Federal Reserve. The decline reflects broader market concerns over inflationary pressures driven by geopolitical tensions in the Middle East.
Prior to the drop, silver had traded near $75.00, with recent sessions marked by volatility as investors weighed the impact of central bank policy on non-yielding assets. The current pullback follows a period of relative stability in precious metals markets.
No immediate market reaction was specified, but the shift in Fed policy expectations continues to weigh on commodities tied to inflation hedging.