Silver Price Rockets Above $66 Amid Fed Hike Uncertainty

The Silver price surged to five-day highs above $66.00 on Thursday as traders digested the Federal Reserve's rate hike on Wednesday.

A drop in US Treasury yields is undermining the Greenback, which has barely changed despite early gains.

XAG/USD trades at $65.41, up over 3.90%, with a potential breakout of the neckline negating a bearish formation.

The Relative Strength Index (RSI) shows bullish momentum building, clearing its 50-neutral level and trending higher.