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Silver Loses 43% in Eight Weeks as Gulf War Lays Bare Its Industrial Identity Over Monetary Role

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 [...]

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Source: Blockonomi →