Silver Hits Two-Month High on Gold Gains and Green Energy Demand

Silver has reached its highest level in two months, surpassing $69.5 an ounce on Tuesday.

This price surge is closely tied to the gains seen in gold, as both metals are influenced by US government interventions in the bond market.

The US Treasury Department's expansion of its buyback program for long-dated government debt has revived concerns over the risks of a US debt crisis and persistent inflation, leading some to speculate that this measure may only provide temporary relief.

Silver also remains supported by robust industrial demand driven by the green energy transition, with applications in photovoltaic solar panels, electric vehicles, and artificial intelligence data center infrastructure.