Silver Price Week Ahead: Why Oil, PMIs and Fed Bets Could Drive the Next Move
Spot silver fell to $69.39 an ounce Friday, down sharply from $81.00 on March 13, pressured by a stronger dollar and rising U.S. Treasury yields. The U.S. 10-year yield hit 4.384% and the dollar index closed near 99.58. Gold, platinum, and palladium also dropped. Iran threatened to close the Strait of Hormuz if U.S. energy sites are targeted, with Brent crude settling at $112.19 a barrel.