Commodities
Silver Rebounds on Weaker DXY and Safe-Haven Demand
Silver prices have stabilized around $59.30 per troy ounce after a significant pullback from mid-year highs, according to recent data.
The US Dollar Index (DXY) has weakened, contributing to silver's price support, while softer US GDP data and safe-haven demand due to Middle East conflicts also played a role.
Despite these factors, market pricing for potential Federal Reserve rate hikes later in 2026 acts as an ongoing cap on aggressive upside momentum for silver prices.
Industrial consumption remains the strongest structural tailwind driving silver's demand, particularly in photovoltaics and electric vehicles.