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Silver prices registered a modest gain of approximately 0.39% on Friday, recovering from daily lows of $63.51 to trade around $64.70. The upward momentum occurred following softer-than-expected US economic data, which initially weakened the US Dollar and supported precious metals. However, the metal's recovery was significantly constrained by a firming trend in US Treasury yields. Higher bond yields increase the opportunity cost of holding non-yielding bullion, creating a persistent headwind for Silver despite the weaker macroeconomic prints. Consequently, the XAG/USD pair stalled near key resistance levels. Traders are now evaluating whether Silver can maintain its recovery trajectory if US yields continue to fluctuate. Upcoming economic releases and Federal Reserve commentary will be critical in determining the next directional breakout for the metal.
