Silver Prices Hold Steady Near $66 as US Dollar Weakens

Silver prices held steady near $66 an ounce on September 8 as a softer US dollar helped precious metals recover, but elevated Treasury yields and renewed Federal Reserve rate-hike expectations kept the upside in check.

The metal traded between $65.96 and $67.29 during the session, with Kitco showing spot silver at a bid of $66.13 and an ask of $66.38 at 2:15 am New York time.

The near-term outlook for silver remains finely balanced, with buyers defending the mid-$60s after the metal's sharp retreat from its January record.

However, resistance around $70-$72 continues to block a more convincing recovery, and U.S. inflation data later this week will determine whether that range breaks.