Commodities
Silver Price Surges as US Treasury Doubles Bond Buyback Operations
The silver price has been on a strong upward trend, reaching $69.62 as of current market data.
This surge is attributed to the US Treasury's decision to double its long-term bond buyback operations from September 9 to November 4, 2026, with a maximum per operation of $4 billion.
The increased liquidity in the market is expected to put downward pressure on long-term yields, making silver an attractive non-yielding asset.
According to technical analysis, XAG remains above its short- and medium-term moving averages, indicating strong momentum.