Commodities
Silver Prices Rebound as Interest Rate Pressure Eases
Silver prices have risen to $65.62 per ounce, up 0.8% from the previous session, as interest rate pressure eases.
The upward momentum continued after silver surged in the US trading session, thanks to an improvement in supporting factors in the financial market.
As the market absorbed the impact of the Fed's interest rate hike decision, silver prices recovered in line with gold.
The weakening USD and falling US Treasury bond yields have reduced the opportunity cost of holding non-performing assets like silver.