Silver Price Today: Why Spot Silver Fell 4% After U.S. CPI and a Firmer Dollar
Spot silver dropped 4.1% to $84.82 an ounce by 1600 GMT Wednesday, reversing Tuesday’s rally as the dollar strengthened and inflation data pressured precious metals. U.S. consumer prices rose 0.3% in February, fueling expectations that interest rates will stay high. Gold, platinum, and palladium also fell. Silver remains volatile, having swung from a record $121.60 in January to below $85.