Silver Soars on Easing Treasury Yields and Waning Inflation Concerns

Silver prices surged 2.57% to ₹24,234.9 today as US Treasury yields eased and concerns over renewed inflation declined.

The sharp increase in silver was partly due to comments from Fed Governor Christopher Waller, who indicated that he would support holding interest rates at current levels if inflation continues moving toward the 2% target.

This has led to a reduction in expectations for a near-term rate hike, with the probability of a Fed hike this month falling to around 50% from nearly 70% earlier in the week.