Silver is pressing against the $70 level on Friday, as traders head into the weekend. The Friday close could be important, as it could give us insight into the strength of the bulls.
Silver climbs toward $70 as US Dollar remains under pressure
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness
On 19 August, the US Treasury announced that it would double the volume of long-term government bond buybacks. The measure led to a noticeable decline in yields at the longer end of the curve and forms part of the Treasury's broader efforts to contain pressure on long-term borrowing costs.
Silver Price Forecast: XAG/USD surges to near $69.00 amid heightened volatility
ING expects the silver price to average $68 in Q3 and $74 in Q4 as persistent supply deficits offset softer industrial demand. The Silver price in US Dollars (XAG/USD) price stood near $68.11 on Thursday, up 1.7% on the day and already close to ING's third-quarter average forecast.
Silver Price Forecast: XAG/USD tests 100-day SMA as rally extends
Silver pushes toward $69 as Treasury buyback weakens yields and the dollar. A sixth annual supply deficit and industrial demand keep buyers in while gold fades.
A tenth of the Silver in electronics is heading to one buyer
The silver market has gapped higher to kick off the trading on Thursday, showing more buying again, as we are watching the US dollar and rates closely at the moment. The market looks strong, though, and this is something that is changing as of late.
Silver gives back some gains as US yields rebound