🔴 Silver plunges 10% as hot U.S. inflation data, strong dollar hammer precious metals

SI=F is trading 9.8% down at $76.59 as hotter-than-expected U.S. inflation data and a strengthening dollar triggered a broad sell-off in precious metals.

• Macroeconomic Pressure: Higher-than-forecast U.S. inflation data has tempered expectations for Federal Reserve interest rate cuts, making non-yielding assets like silver less attractive. [2, 7]
• Strong Dollar: A rising U.S. dollar is adding to the pressure, making commodities priced in dollars more expensive for foreign buyers. [12]
• Profit-Taking: The sharp decline is also exacerbated by profit-taking after a strong multi-month rally. [9]