Silver Prices Rise on Easing Inflation Concerns and Strong Demand

Silver prices are rising as inflation concerns ease and Indian demand remains strong.

The metal is currently trading at $66.26, up 1.56% on the day, with a 71% probability of moving within $65.43 to $67.58 over the next few days.

Declining US 10-year Treasury yields and lower oil prices have reduced inflation concerns for silver, increasing its appeal as a store of value.

Indian import demand remains in focus, indicating robust physical consumption from one of the world's largest buyers.