Lower Treasury yields and easing oil prices fuel silver’s two-day rally, with traders eyeing $80.00 as Fed policy expectations shift.
Silver (XAG/USD) climbed for a second straight session Thursday, extending gains as precious metals benefited from a drop in Treasury yields. The move follows a decline in oil prices, which has reduced expectations for further US Federal Reserve rate hikes this year.
Prices have advanced amid broader market sentiment favoring a less aggressive Fed stance, though silver remains below recent highs. Analysts note the $80.00 level as a key resistance target, with momentum building on softer inflation signals.
No immediate market reaction data was provided, but the shift in Fed rate expectations continues to support non-yielding assets like silver.