Silver Holds Firm at $66 Amid Rate Hike Uncertainty

Silver prices remain above $66 as investors weigh inflation concerns and geopolitical uncertainty against expectations of higher interest rates. The Federal Reserve, European Central Bank, and Bank of Japan's rate hike expectations are putting pressure on non-yielding precious metals like silver.

Elevated oil prices and renewed Middle East tensions continue to support demand for inflation hedges, however. Silver has been sensitive to both interest-rate expectations and broader inflation concerns.

Traders are monitoring the price action around $66.30 resistance and $66.00 support, with a recovery in momentum suggested by the RSI (14) indicator.