Silver Soars Above $69/oz as Weak Dollar Supports Precious Metals

Silver prices closed the session on August 24, 2026, with an increase in both domestic and world markets. The world silver price stood above the threshold of $69 per ounce.

According to recent developments, the US Treasury Department's plan to buy back bonds is putting pressure on the US dollar, making USD-valued assets more attractive to investors holding other currencies.

The market is closely monitoring US economic data, particularly the Personal Consumption Price Index (PCE) and new signals from the US Federal Reserve (FED) on interest rate orientation. If positive economic data causes the FED to maintain a tight monetary policy for longer, the USD may recover, putting pressure on silver prices.

Technically, spot silver prices need to overcome the $72 per ounce zone to maintain upward momentum and move towards higher price zones. A long-term upward trend of silver may be strengthened if they reach the $90 per ounce mark.