Silver Price Today Slips as Dollar Surges, Oil Shock Hits Fed-Cut Bets
Silver fell 0.3% to $84.06 an ounce Monday as a stronger dollar and rising U.S. rate expectations outweighed safe-haven demand from the Middle East war. Oil surged 10.4% to $102.29 a barrel after the Strait of Hormuz was largely shut. Investors cut bets on Federal Reserve rate cuts, and U.S. inflation data is due this week.