Silver is trading lower as some safe-haven assets pull back after Iran's recent attack on Israel. Treasury yields have also gained, lifting the dollar.
Portfolio Pulse from Benzinga Newsdesk
Silver prices are declining as investors move away from safe-haven assets following Iran's attack on Israel. This shift is accompanied by an increase in Treasury yields, which strengthens the dollar.
April 16, 2024 | 5:09 pm
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SLV, representing silver investments, is likely to experience a short-term decrease in price as investors move away from safe-haven assets.
SLV tracks the price of silver. As the article indicates a decrease in silver prices due to a shift away from safe-haven assets, SLV is directly impacted. The increase in Treasury yields and a stronger dollar typically reduce the attractiveness of non-yielding assets like silver.
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