Silver Price Hits Two-Month Highs Amid Dollar Weakness

The XAG/USD price of Silver has reached fresh two-month highs above $69.00, marking a 6.6% weekly rally.

This surge comes as investors flee from the US Dollar due to the US Treasury's plan to boost bond buybacks, indicating that they prefer a weaker dollar over higher interest rates.

The Commerzbank analysts note that this stance adds a structural headwind for the Dollar, as investors reassess the balance between rate containment and currency strength.