Silver Falls 3.5% as Precious Metals Retreat; Ethereum Gains Ground

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Silver fell sharply on Tuesday, declining ▼ 3.50% to 61.09 USD and trading between 60.450001 and 63.304001 USD during the session. Gold also retreated, sliding ▼ 1.91% to 4154.60 USD as precious metals faced selling pressure across the board.

Precious Metals

Gold traded in a wide range from 4116.200195 to 4235.399902 USD as the yellow metal extended its losses. The dual decline in gold and silver underscored softer demand in the sector on the day.

Cryptocurrencies and Currency Markets

Ethereum bucked the broader downward trend, gaining ▲ 1.81% to finish at 2731.99 USD and moving from 2652.590088 to 2731.989990 USD intraday. Bitcoin remained flat at 84422.25 USD with 0.00% change, trading between 82800.000000 and 84439.593750 USD.

In currency markets, the dollar strengthened against major peers. USD/EUR rose ▲ 0.71% to 0.8794 EUR, ranging from 0.8732 to 0.8794 EUR. USD/GBP climbed ▲ 0.68% to 0.7544 GBP, trading between 0.7493 and 0.7544 GBP. Gulf currency pairs remained anchored: USD/QAR held steady at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED, all unchanged.