Silver Stabilizes Above $66 as Rate Hikes Weigh on Precious Metals

Silver prices have stabilized above $66 as investors weigh inflation concerns and geopolitical uncertainty against expectations of higher interest rates.

The precious metal faced pressure from shifting central bank policy expectations after strong US jobs data increased the probability of further tightening, but demand for inflation hedges remains strong due to elevated oil prices and renewed Middle East tensions.

The immediate focus for silver traders is whether the price can regain momentum above the $66.30 resistance level and confirm a stronger recovery.