Silver rate today: Silver prices in India fell sharply on Wednesday, extending recent losses as investors reacted to a stronger US dollar, rising crude oil prices and growing expectations of higher interest rates. The decline came as renewed military tensions between the United States and Iran heightened concerns about inflation, prompting markets to reassess the outlook for monetary policy.
Crude Oil Prices
Crude Oil prices fall 1% as Iraq resumes Kurdish exports
Crude Oil prices declined nearly 1% at the start of the trading week as the resumption of crude exports from Iraq’s Kurdistan region and expectations of another OPEC+ production increase heightened concerns about growing global supply.
Israel-Iran conflict: Crude oil prices jump over 13%; Brent crude oil above $73 per barrel
Israel-Iran conflict: An Israeli military official has confirmed the attack, saying that it has targeted “dozens” of sites across Iran, Reuters reported.
Crude Oil edges up as supplies remain tight with no SPR release
Crude Oil reversed losses to close slightly higher after another day passed without an announcement from the Biden Administration to tap U.S. crude oil reserves.
Crude Oil Prices Dip as Worries over Economic Slowdown Return
Gold Silver Reports (GSR) — Crude Oil prices were also supported by comments from US Federal Reserve Chairman Jerome Powell on Thursday that the central bank had the ability to be patient on monetary policy.