This rise coincides with a slight de-escalation in geopolitical risks, as indicated by developments in the Middle East, impacting silver’s typical role as a haven asset. The central bank’s stance on inflation control remains a key factor for volatility, with Powell’s tone and Treasury auction results likely to influence both yields and silver prices in the short term. However, the dollar’s strength continues to apply pressure, suggesting a mixed outlook with the potential for both support and resistance to influence silver’s trajectory in the near future.