XAG/USD gains 2.4% as strong Asian buying offsets pressure from a stronger USD and higher Treasury yields.
Silver prices climbed 2.4% to $88.65 on Wednesday, driven by robust Asian demand and geopolitical tensions. The rally persists despite a firmer US Dollar and elevated Treasury yields, which typically weigh on non-yielding assets.
The metal’s advance contrasts with recent sessions where a stronger USD and rising yields capped gains. Asian demand remains a key support factor, while geopolitical uncertainties add to safe-haven appeal.
No immediate market reaction data was provided, but the move reflects shifting investor sentiment amid macroeconomic pressures.