Silver Prices Surge on US CPI Data and Middle East Unrest

Silver prices have seen a 2.38% daily gain to $66.22 as traders await key US Consumer Price Index data, which could impact Federal Reserve policy and influence demand for non-yielding assets.

The ongoing instability in the Middle East is driving flows into safe-haven assets like silver amid broader economic uncertainty.

Technical analysis indicates strong short- and medium-term bullish signals, with a high probability of consolidating between $63.7 and $68.74 over the next 2 to 3 days.