Why are silver prices down today, and will it continue to reach dream levels again? - The Economic Times

AI desk brief

Silver and gold are under pressure as the dollar sits at a two-month high and post-FOMC Fed commentary keeps rate-hike expectations alive. Boston Fed President Susan Collins and Richmond Fed President Tom Barkin backed last week’s rate move, while Zaner Metals’ Peter Grant said the market is pricing at least one more hike this year, keeping bullion on the back foot.

The article argues silver could recover later, but near term the mix of stronger USD, higher rates and inflation concerns is negative for non-yielding metals. It also notes rising oil prices and tighter central-bank policy as additional headwinds for bullion.