Silver Jumps 1.60% to $67.96 as Gold Holds Near $4,517
Updated
Updated · Kitco NEWS · Aug 20
Silver Jumps 1.60% to $67.96 as Gold Holds Near $4,517
1 articles · Updated · Kitco NEWS · Aug 20
Summary
$67.96 spot silver rose 1.60% and hit an intraday high of $69.11, extending Wednesday’s breakout even as spot gold slipped 0.12% to about $4,516.60.
Treasury yields rebounded after strong U.S. data and hawkish Fed minutes, with the 10-year near 4.69% and the 30-year around 5.23%, capping gold while leaving silver with stronger near-term momentum.
U.S. stocks fell as bond-market stress returned—the S&P 500 lost 0.9%, the Dow 1.3% and the Nasdaq 1.0%—while gold stayed supported by a softer dollar and defensive demand.
Brent climbed above $93 and WTI logged a fifth straight gain as Strait of Hormuz risks and stalled U.S.-Iran talks kept an oil risk premium in place, supporting haven demand but also stoking inflation fears that lift yields.