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Commodities

Silver Prices Surge Above $58 as Dollar Strengthens

Guavy AI Editorial Team
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Silver
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Silver prices surged above $58 per ounce on Friday, July 24, 2026, after opening at $57.92 as September futures.

The increase was due to strength in the U.S. dollar and a shift in market sentiment after a better-than-expected initial jobless claims report on Thursday.

Inflation risk continues to limit silver's appreciation potential, as investors tend to shift into yield-bearing assets when interest rates rise, limiting demand for the precious metal.

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