Silver Price Today Falls More Than 3% as Oil Surge and Stronger Dollar Hit Bullion (Reuters)
Spot silver fell 3.2% to $68.97 an ounce by 11:15 a.m. ET Thursday, reversing the previous day’s gains as a stronger dollar and rising oil prices fueled inflation concerns. The drop leaves silver more than 40% below its January record. Gold, platinum, and palladium also declined. U.S. jobless claims data showed little change, keeping pressure on rate-cut expectations.