Commodities
Silver Price Surges to Near $65.00 Amid Hawkish Fed Stance
The price of Silver has risen to near $65.00 as US Treasury Yields and the US Dollar correct slightly.
Hawkish Fed officials have been warning of high inflation and expressing economic resilience, which could provide support for continued Dollar strength.
Despite this, strategists at Brown Brothers Harriman argue that the USD is 'powering forward against most major currencies' due to the hawkish Fed stance and US economic growth outperformance.