DXY remains bearish below 99 while platinum targets 1927-1930 after breaking 1900, with gold, silver, palladium and copper testing key breakout levels.
Is the biggest Gold and Silver bull run since the 1970s about to begin?
Spot silver climbs more than 5% for the week as falling yields, a weaker dollar and rising open interest bring fresh money back into XAGUSD.
Silver Price Forecast: XAG bulls test $70 as rally extends
Silver rallies for the week again, as bond yields are starting to stumble a bit. However, the falling US dollar is the real story here.
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.