Markets

Silver Price Breaks $70 as Jackson Hole Tests Bullish Momentum - FXEmpire

Source: FXEmpire

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DW NOTE

Silver at $70 is 39% below its one-year peak of $115 — reached in March when the Hormuz closure was new and the scramble into physical metals was indiscriminate. The metal has since given back most of that panic premium despite the strait remaining shut. This isn't bullish momentum being tested; it's a dead-cat bounce off the lows while the macro backdrop that triggered the original spike remains unchanged.

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