Silver Rallies Past $85 as Bitcoin Struggles Near $81K
The post Silver Rallies Past $85 as Bitcoin Struggles Near $81K appeared on BitcoinEthereumNews.com. 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 accelerated through $82 and $83 before tou