Silver Price Today: Silver tumbles below $73 as hawkish Fed, stronger dollar and oil shock hit demand
Spot silver fell 4.3% to $72.14 an ounce Thursday, while U.S. silver futures dropped 6.34% after the Federal Reserve signaled rates will stay higher for longer and the dollar strengthened. Gold, platinum, and palladium also declined. Brent crude jumped 5.7% to $113.46 after Iran struck Gulf energy sites. Analysts expect continued volatility after silver’s record surge and sharp reversals this year.