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Today, marks the 6th day of the U.S, Israel, Iran conflict.
Energy supply fears are keeping prices elevated.
We’re seeing Brent hold steady near the $83 mark as the industry watches the Strait of Hormuz closely.
Any further escalation could see a push toward $85+.
🪙 Investors are flocking to physical assets like Gold & Silver.
Though they've both plummeted in price during this tension.
Gold is maintaining its ground above $5,150, recovering from earlier dips as geopolitical uncertainty peaks.
Silver followed suit, currently trading near $83.92.
₿ Bitcoin sits at ~$72,669
The Digital Gold narrative is back in full force.
While traditional stocks are shaky, Bitcoin has seen massive green candles, surging to $72.6k.
It seems capital is rotating into BTC as a hedge against currency and market instability.
However, with the Strait of Hormuz effectively closed to commercial shipping, are we looking at a temporary spike or a new long-term floor for these assets?
Had to tell at this point.