Silver Leads Precious Metals Decline as Cryptocurrencies Retreat

This article was generated with AI assistance using live market data and reviewed by a member of the Serafa team before publication. जानें ये लेख कैसे तैयार किए जाते हैं

Silver led a broad retreat across commodities and digital assets today, sinking 4.75% to 61.36 USD per ounce. Gold followed suit, slipping ▼ 3.17% to settle at 4150.20 USD per ounce after trading between 4142.30 USD and 4286.20 USD throughout the session.

Precious Metals

Both precious metals recorded notable losses as investors shifted away from traditional safe-haven assets. Silver's steeper decline, coupled with gold's drop, underscored heightened selling pressure in the sector. Silver traded within a narrow band between 61.09 USD and 64.42 USD before closing near session lows.

Cryptocurrencies

Digital currencies experienced modest declines in line with broader market softness. Bitcoin fell ▼ 1.54% to 83042.00 USD, trading between 82588.00 USD and 84931.00 USD. Ethereum retreated ▼ 1.06% to 2665.96 USD, ranging from 2637.49 USD to 2716.45 USD over the period.

Currency Markets

Major currency pairs showed mixed movement. The dollar strengthened slightly against the pound and euro, with USD/GBP gaining ▲ 1.06% to 0.7557 GBP and USD/EUR rising ▲ 0.72% to 0.8780 EUR. Middle Eastern pegs remained flat: USD/QAR held steady at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED.