Silver Leads Precious Metals Decline as Cryptocurrencies Show Mixed Signals

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 extended losses on Monday, sliding 2.57% to $62.96 and outpacing declines in the broader precious metals complex. Gold retreated ▼ 1.47% to $4,285.80, trading between $4,280.90 and $4,349.70 during the session. The dual pullback in precious metals reflected weakening demand across commodity markets.

Precious Metals

Silver's steeper decline underscored heightened selling pressure on the white metal, which traded in a range of $62.48 to $64.62. Gold's more moderate loss came despite trading a wider intraday band, suggesting selective support at lower levels. Both metals retreated from recent highs as investors adjusted positions.

Digital Assets

Bitcoin edged higher, gaining ▲ 0.58% to reach $77,708.00 and trading between $77,278.00 and $78,258.00. Ethereum moved in the opposite direction, declining ▼ 0.70% to $2,507.48 within a narrow range of $2,506.60 to $2,531.00. The divergence reflected selective strength in the larger cryptocurrency.

Foreign Exchange

The dollar showed mixed performance against major currencies. EUR/USD weakened as the euro gained ▲ 0.23% to 0.8623, while sterling edged higher with GBP/USD advancing ▲ 0.12% to 0.7395. Gulf currencies remained unchanged at pegged levels.