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Silver prices sink below $60 as the rebound runs into fresh resistance
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Silver prices sink below $60 as the rebound runs into fresh resistance
Silver prices fell near $59 an ounce on Monday as renewed US-Iran strikes pushed traders back towards the dollar and out of rate-sensitive precious metals. The move was part of a wider pullback across the metals complex, but silver’s selloff carried its own pressure points. Unlike gold, silver is not only a haven asset. It is also an industrial metal tied to solar, electronics and manufacturing demand. That makes the current setup awkward: geopo…
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