Silver Prices Surge 2.23% to $66.561 Amid Dollar Weakness

Silver prices surged on September 18, reaching $66.561 after a 2.23% increase, according to tradingkey.com. The rise comes as the US dollar weakened and Treasury yields declined following the Federal Reserve's interest rate hike.

The Fed's decision was seen as a clearing catalyst, dissipating immediate monetary policy uncertainty and allowing US bond yields to ease from recent highs. This shift in macroeconomic risk sentiment triggered renewed institutional buying across precious metals, with silver benefiting from its higher beta relative to gold.

Silver's upward momentum also reflects tight structural physical fundamentals, including sustained demand for clean energy technologies, solar photovoltaic fabrication, and high-performance computing infrastructure. Global mine output remains constrained, preventing producers from rapidly expanding output and keeping physical inventories under persistent drawdown pressure.