Silver Recovers As Dollar And Bond Yields Slipped From Recent Highs.
Silver closed with a modest gain of 0.16%, settling at 70594, as the dollar and bond yields retreated from recent highs, countering hawkish remarks from Federal Reserve officials. Traders adjusted their expectations for aggressive rate cuts following comments from Minneapolis Federal Reserve Bank President Neel Kashkari, who highlighted lower risks to the US economy, giving the central bank room to reconsider rate adjustments.
This sentiment was echoed by Chicago Fed’s Austan Goolsbee, emphasizing the importance of favourable inflation data.
