Strong Dollar Weighs on Silver Price as $50 Target Remains Elusive

Silver's price has been under pressure lately due to a strong US dollar and high Treasury yields. The precious metal lost over 6% last week, limiting its recovery. While the soft US hiring numbers support the case for a potential Fed pause in October, inflation concerns keep further rate hikes on the table.

The improvement in factory activity in both the US and China may boost industrial demand, but investors have reduced their bullish silver positions. According to the source, silver needs lower real yields and a weaker dollar to sustain a recovery.