2 hours ago
Silver Loses 43% in Eight Weeks as Gulf War Lays Bare Its Industrial Identity Over Monetary Role
AnalysisCentral Bank Gold BuyingFederal Reserve Rate HikesGold vs SilverGulf War CommoditiesHelium Shortage ChipsIndustrial MetalsSilver Demand ShockSilver Price Drop
TLDR: Silver fell 43% from its $121.67 all-time high to $69.50 in under eight weeks after Gulf war shocks hit. Over 60% of silver demand is industrial, leaving it exposed when energy costs and rate hike fears surged. Qatar’s helium facility destruction threatens chip fab output, reducing a core source of silver packaging demand. Gold [...]
The post Silver Loses 43% in Eight Weeks as Gulf War Lays Bare Its Industrial Identity Over Monetary Role appeared first on Blockonomi.
Source: Blockonomi →Related News
- 1 hour ago
XRP Battles Descending Channel Resistance While Ripple Quietly Absorbs the Globa...
- 1 hour ago
From Cattle Trades to Crypto: Why XRPL Is Rewriting the Story of Global Money
- 10 hours ago
Gold Records Worst Weekly Performance in 43 Years
- 10 hours ago
Ethereum (ETH) Price Retreats to $2,130 Amid Geopolitical Uncertainty and ETF Ou...
- 11 hours ago
$7 Trillion Quadruple Witching Friday Triggers Historic Derivatives Expiration o...
