US EditionWhy did the silver and gold price just fall so sharply?
4 Articles
4 Articles
Gold and silver prices have fallen significantly in the international market, leading to a decline in their prices on the MCX on Thursday night. There are fears that gold and silver prices may fluctuate today as well.
Silver prices experienced another sharp decline after a brief surge. After gaining approximately 6 percent on Tuesday, reaching over $85 per ounce, silver fell by 10 percent today, dropping below $76. So what do analysts say about silver?
Why did the silver and gold price just fall so sharply?
Gold and silver prices tumbled sharply overnight after reports emerged that Russia is considering a return to the US dollar as part of a broader economic partnership. According to reports, the proposal could involve Russia pivoting back toward the US dollar settlement system in exchange for closer economic cooperation with the United States. Markets reacted swiftly. Silver prices fell nearly 10% in around 30 minutes, dropping back below US$76 pe…
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