Silver’s $76 signal points to India, Fed impact
Silver fell 2.3% to $76.27 an ounce by late Tuesday morning, reversing Monday’s rally. Traders cited U.S.-Iran tensions, inflation fears, and new Indian import curbs as key pressures. India raised silver import duties to 15% from 6% on May 13, affecting about 90% of its silver imports. Silver remains up 129% year-over-year but far below its January peak.