Silver prices in Egypt and Saudi Arabia decline Thursday
The price of silver today in Egypt and Saudi Arabia declined due to a drop in the global ounce price resulting from the strength of the US dollar and expectations of maintaining high interest rates for a longer period. The ounce price was around $73.40 in the spot market, with prices moving within an initial support range of $73, amidst potential continued fluctuations driven by interest rate pressures and the dollar's strength versus industrial demand for the metal.
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