Silver forecast At market open, considering the war-related developments, gold and silver are likely to move to the downside. If silver does not sweep the liquidity at the 7521669 level, we will look for buy opportunities from this zone. However, if that liquidity is swept, we will consider selling from the higher level.#silvertrader
• Iran, with support from the U.S., is reportedly removing sea mines • Claims suggest Iran has agreed not to use the Strait of Hormuz as a weapon again • Talks of a possible U.S.–Iran peace agreement are “very close” • Ships are currently allowed to pass, but must follow Iran’s set routes and protocols • At the same time, warnings remain: any U.S. blockade could break the ceasefire • Iran has hinted the strait could still be closed if tensions rise again
📉 Market Reaction: • Brent & WTI Oil dropped over 8% • Volatility across crypto and gold increasing $BTC #Trading #BTC #Gold #Oil #BreakingNews
Gold and silver prices are dropping as tensions around the Iran conflict push oil prices higher. Rising oil is increasing global inflation fears. Because of this, investors expect central banks like the Federal Reserve to keep interest rates high or consider further rate hikes. Higher interest rates strengthen the US Dollar, which puts pressure on precious metals. As a result, gold and silver are facing strong selling pressure in the market.$