Commodities
Dollar Rebound Sinks Silver Prices Below $59
Silver prices fell to around $58.50 an ounce on Friday as a rebound in the US dollar prompted traders to trim positions after two sessions of gains.
The metal's price declined by about 0.8% in early trade, snapping a brief recovery that followed the Federal Reserve's decision to keep interest rates unchanged.
Unlike gold, silver is exposed to both monetary and industrial factors, making it vulnerable to changes in the dollar and manufacturing expectations.
The stronger dollar has weighed on silver prices, despite a forecasted 20% increase in physical investment in 2026.
The Silver Institute expects a sixth consecutive annual deficit in 2026, with demand exceeding supply by about 67 million ounces.