Silver has bounced, but the broader question for investors remains unresolved.
After falling back into the high-$50s from its January highs above $120, silver has delivered the kind of reversal that naturally raises doubts.
At the time of writing, spot silver was trading near $58.96, up around 1.3% on the session, while gold was firmer near $4,033. Yet the rebound remains tentative. The dollar and Treasury yields are still firm enough to cap precious metals rallies, and markets continue to digest the Fed’s June decision to hold rates at 3.50% to 3.75%, alongside ongoing uncertainty around inflation, energy prices and the Strait of Hormuz.
This is a situation we are all still familiarising ourselves with: silver has been treated less like a straightforward safe-haven asset and more like a rate-sensitive, highly financialised market. When rate expectations shift, the dollar strengthens and investors rush for liquidity, silver can move violently, even if the underlying physical demand story has not disappeared.
That is the focus of our latest GoldCoreTV video:
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