Silver Price Soars Amid Oil Price Correction and Lower US Treasury Yields

The silver price (XAG/USD) has seen significant gains on Friday, reaching near $66.80 during the European session, as oil prices and US Treasury Yields correct.

The correction in oil prices, which fell to around $95.30 from an almost four-month high of $102.11, has eased fears of high inflation expectations.

This, in turn, has reduced the likelihood of interest rate hikes by central banks, making non-yielding assets like silver more attractive.