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XAG/USD. Price Analysis. Forecast. Silver Shows Decline Under Pressure from Strengthening US Dollar
Silver (XAG/USD) starts the new week
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Silver (XAG/USD) starts the new week on a negative note, dropping to $73.50, reflecting a 2.41% loss as of Monday. The white metal is facing profit-taking amid a strengthening dollar and rising Treasury yields.Events in the Strait of Hormuz continue to heighten market uncertainty. Iranian state media reports that missiles were allegedly fired at an American warship near this strategically important waterway after the vessel reportedly ignored warnings from the Islamic Revolutionary Guard Corps (IRGC). Although US officials have denied
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