Silver Rallies Past $85 as Bitcoin Struggles Near $81K Ahead of CPI Release
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- Silver traded around $84.77 after rising 5.56% on the day, according to data.
- Bitcoin traded near $81,000 after trimming part of its weekend move above $82,000.
- U.S. CPI for April is due this week, with data showing a 3.7% forecast after March’s 3.3% reading.
Silver outperformed Bitcoin on Monday as spot silver climbed above $85 per ounce for the first time since March 13. Data showed XAG/USD trading near $84.77 at press time, after a sharp move from the low-$80 area.
Bitcoin moved differently, holding near $81,000 after cutting part of its weekend rebound. The asset had climbed above $82,000, yet Iran tensions, U.S. inflation risk, and the upcoming U.S.-China summit kept traders cautious across risk markets.
Silver Breaks Above $85
Silver’s intraday chart showed a sharp breakout after several hours of sideways movement near $80. The metal then accelerate…
Read The Full Article Silver Rallies Past $85 as Bitcoin Struggles Near $81K Ahead of CPI Release On Coin Edition.
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$ 64.14K
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$ 59.81
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In This News
Coins
$ 64.14K
+0.10%$ 59.81
-0.08%Predictions Markets
See what traders are focused on
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Bitcoin’s $64K rebound has three days before its next big challenge threatens to derail momentum
