Silver surges 2% versus gold’s 1.2% gain amid softer USD and reduced Fed rate hike bets after weak core CPI.
Silver prices climbed nearly 2% this session, outpacing gold’s 1.2% advance, as a softer USD and diminished Federal Reserve rate hike expectations followed weaker-than-expected core Consumer Price Index data.
The metal’s higher sensitivity to monetary policy shifts and risk sentiment drove the rebound, though analysts caution volatility remains elevated. Key support sits at 55, with resistance at 61.20, the 21-day moving average.
Daily momentum indicators offer no clear signal, suggesting two-way risks persist unless Fed tightening expectations ease further.