Silver Buoys on Weaker Dollar, But Outlook Remains Cautious

Silver prices have experienced a modest increase to $67.22, but remain below key moving averages, indicating a cautious outlook from the market.

The metal's price has been influenced by a weaker US Dollar and lower Treasury yields, making non-yielding commodities more attractive and boosting demand.

Silver rebounded after an earlier selloff tied to strong US nonfarm payrolls data and speculation over future Federal Reserve rate hikes, highlighting the asset's sensitivity to changes in US monetary policy and broader risk sentiment.