XAG/USD rises 2% in European trading but struggles to extend gains amid higher U.S. Treasury yields.
Silver prices climbed 2% to $75.20 during Wednesday’s European session, rebounding from a near two-week low of $73.10. The move follows a broader recovery in precious metals markets.
The gain remains limited as rising U.S. Treasury yields increase the opportunity cost of holding non-yielding assets like silver. Market participants are also monitoring macroeconomic data for cues on Federal Reserve policy.
No immediate market reaction was specified, but the rebound suggests cautious optimism among traders despite yield pressures.