Silver Prices Surge Amid Weaker US Inflation Data
Gold prices remained stable, while silver experienced a surge in production and demand for silver bars and coins rebounded from recent lows. The US inflation data released this week showed weaker-than-expected numbers, reducing expectations for Federal Reserve rate hikes and supporting precious metals prices.
Barrick Gold and Pan American Silver are on track to meet their 2026 production targets, with Barrick's gold output increasing by 11% quarter-on-quarter and Pan American's silver output rising 27% year-over-year. The silver price recovered above $66 per ounce, reflecting renewed investment demand despite ongoing geopolitical risks and oil market volatility.