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Commodities

Silver Soars to Two-Month Highs as US Dollar Weakens

Guavy AI Editorial Team
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Silver
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Silver prices have surged to two-month highs above $69.00 in early European trading on Friday, marking the third consecutive day of gains.

The US Treasury's plan to boost buybacks of long-term securities has weakened the US Dollar, making it more expensive for investors and contributing to the rally in Silver.

Commerzbank analysts believe this development adds a structural headwind for the Dollar as investors reassess the balance between rate containment and currency strength.

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