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via fxstreet.comEconomy

Silver slides as US CPI tops estimates

FROM THE WIRE · FXSTREET.COM

Silver (XAG/USD) comes under heavy selling pressure on Tuesday as stronger-than-expected US inflation lifts the US Dollar (USD) and pushes US Treasury yields higher. At the time of writing, XAG/USD trades around $51.23, down 3.97% on the day.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA US CPI above estimates moves rates, the dollar and precious metals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Stronger-than-expected US inflation lifts the dollar.
  2. 02US Treasury yields rise after the print.
  3. 03Silver XAG/USD trades around $51.23, down 3.97% on the day.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SilverCOMMODITY:SILVERCommodity51.27 USD+0.12%today -2.71%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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