Silver price tumbles for the third consecutive trading day, down by over 3.32% on Friday, courtesy of broad US Dollar strength, and rising US Treasury yields, which have aimed higher since Wednesday, due to the Fed hawkish tilt.
The USD/CAD rises during the North American session, up by 0.27% on Friday and by over 1.34% in the week, with the pair staying upward biased and set to test higher prices seen last year. At the time of writing, the pair trades at 1.4175, after bouncing off daily lows of 1.4131.
Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.