Silver Prices Spike Amid Falling Oil and Yields
Silver prices surged to near $66.00 on Friday as the US-10 year yield slid, marking its second consecutive day of gains.
The price increase was attributed to falling oil prices, which eased inflation concerns and pushed government bond yields lower.
US Treasury yields pulled back from recent multi-year highs, with the benchmark 10-year yield falling to around 4.93% after breaching the 5.0% mark earlier in the week.