Miner Company
Silver Price Tumbles 14%, Gold Down 7% Amid Inflationary Fears And Steady Interest Rates
Gold and silver prices have consistently trended downward since the United States and Israel began striking Iran nearly three weeks ago, bucking conventional wisdom that global conflict makes the price of “safe haven” assets—like precious metals—rise. Analysts from Sucden Financial said Wednesday gold and silver are trading “in negative correlation with oil” as oil and energy prices surge.
Tickers: SILSILJSIVRSLVSLVP
Gold and silver prices have consistently trended downward since the United States and Israel began striking Iran nearly three weeks ago, bucking conventional wisdom that global conflict makes the price of “safe haven” assets—like precious metals—rise. Analysts from Sucden Financial said Wednesday gold and silver are trading “in negative correlation with oil” as oil and energy prices surge.