Silver Attempts Recovery After Sharp Pressure

Silver prices strengthened during Friday's trading (Sept 11), attempting to recover after facing pressure in recent sessions. XAG/USD traded around US$64.04 per troy ounce, up 0.72% from Thursday's level of US$63.58.

This rise indicates a rebound attempt following a previous sharp sell-off. However, the recovery remains limited as the market closely monitors US dollar movements, Treasury yields, and Federal Reserve interest rate policy expectations.

Year-to-date, silver prices remain down approximately 9.91%. This reflects how pressure from high funding costs and bond yields continues to act as a major headwind for this non-yielding precious metal.

Newsmaker Analysis: Silver's rise above US$64 signals a short-term recovery but is insufficient to reverse the prevailing bearish trend. Future direction will be heavily influenced by US inflation data; softer CPI figures could weigh on the dollar and yields—thereby supporting silver—whereas hotter inflation could potentially reignite selling pressure. (arl)

Source: Newsmaker.id