Silver Price Jumps as Dollar Rally Pauses

Silver prices have recovered to near $65.00 as the rally in US Treasury Yields and the US Dollar appears to be hitting a pause.

Hawkish Fed officials, including Michael Barr and John Williams, have expressed concerns about high inflation and emphasized economic resilience, suggesting continued interest rate hikes and further support for the dollar.

However, this correction in yields on interest-bearing assets has made non-yielding assets like Silver more appealing to investors, who may view it as a favorable risk-reward bet due to its relatively low price.