Silver Price Forecast: XAG/USD remains range-bound with a bearish bias

FXStreet··Read original
3▲0 ▼1Impact / 5
Summary · why it matters

Silver attracted sellers on Monday after renewed fighting between the United States and Iran over the weekend revived energy-driven inflation concerns and reinforced expectations of a Federal Reserve interest rate hike later this year.

Impact on assets 1

Others▼ · 1 stocks
⛏Silver Futures
SILVER
▼ NegativeMonetaryrelevance

Renewed US-Iran fighting revived energy-driven inflation concerns, reinforcing expectations of a Fed rate hike, which is negative for silver.