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U.S. Treasury yields remained stable on Friday as investors assessed the impact of recent inflation data and trade policy developments. While the bond market is not yet pricing in aggressive rate cuts, any further signs of economic weakness could push yields lower, supporting gold and silver prices.
Silver Outlook: Further Gains Possible, But Retail Sales Data Adds Uncertainty
Silver’s breakout above $32.65 is technically significant, and the next upside target sits near $34.87. However, Friday’s pullback below $33.00 suggests that economic data will play a key role in determining the next move.
If weaker consumer spending raises concerns about economic growth, traders may start pricing in a more dovish Fed stance, which could weigh on Treasury yields and support silver. Conversely, if inflation pressures persist and the Fed maintains its cautious approach, silver could see further consolidation before resuming its uptrend.
For now, silver remains in a bullish position, but short-term volatility is likely as traders digest the impact of slowing retail sales and shifting rate expectations.
More Information in our Economic Calendar.
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