The downturn in silver prices appears to be continuing. Analysis from Reuters reveals that silver has decreased by approximately 50% since its peak in January and has fallen by over a third relative to gold. This trend was exacerbated when market expectations for cuts in Federal Reserve interest rates were lowered, while inflationary concerns stemming from the conflict in Iran have raised apprehensions about potential U.S. interest rate increases. Silver, affected more significantly due to its reliance on industrial demand and prior price gains, is now under scrutiny as traders evaluate whether gold's dominance over silver will persist, potentially reaching the critical 70 mark.
