Silver futures opened at $64.92 an ounce on Sept. 24, 0.1% below Wednesday’s close, and fell to $63.99 by 7:23 a.m. ET. Amid inflation concerns, CME FedWatch showed 75.3% odds of an October Fed hike and 58.6% of another in December.
The article linked rising rate-hike expectations to a stronger dollar, Treasury yields at their highest since 2007, stalled U.S.-Iran talks, hawkish Fed comments, Brent crude above $104 and reports the U.S. was considering a diesel export ban.
At Thursday’s open, silver futures were down 0.8% from a week earlier and 6.4% from a month earlier, but up 47.2% year over year. The article notes the year-over-year gain had been 173.3% on May 14.
