Silver Price Forecast: XAG/USD drops towards $25.00 as supply concerns ease amid risk aversion

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Silver Price Forecast: XAG/USD drops towards $25.00 as supply concerns ease amid risk aversion
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Silver Price Forecast: XAG/USD drops towards $25.00 as supply concerns ease amid risk aversion – by anilpanchal7 Silver XAGUSD RiskAppetite Commodities Inflation

, European Central Bank and the Federal Reserve to propel odds of rate hikes and weigh on sentiment. Among the latest policy hawks from the Fed is New York Fed President John Williams who marked support for a 0.25% interest rate hike in May while saying, “Inflation is still too high, and we will use our monetary policy tools to restore price stability.

It should be noted that the UK’s allegations of China’s hidden motive to crack down on the Western infrastructure and the US House China Committee’s discussion on the Taiwan invasion scenario renew the West versus China tussle story and weigh on the sentiment. On the same line are the fears surrounding the likely drag on the US debt ceiling decision due to US President Joe Biden’s hesitance in lifting debt limits.

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