Silver Price Forecast: XAG/USD rallies above $22.00 on falling US bond yields, ahead of US NFP

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Silver Price Forecast: XAG/USD rallies above $22.00 on falling US bond yields, ahead of US NFP
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Silver Price Forecast: XAG/USD rallies above $22.00 on falling US bond yields, ahead of US NFP By christianborjon Silver XAGUSD Commodities Metals

A risk-on market mood weighed on US Treasury yields and the US Dollar, lifting precious metals. is surging to fresh weekly highs above $22.00 amidst an upbeat market sentiment that weighed on the safe-haven US Dollar, also undermined by US Treasury yields, particularly the 10-year benchmark note rate, almost flat at 2.911%. At the time of writing, XAG/USD is trading at 22.38.registering gains, while Asian stocks are set for a higher open.

Additionally to the abovementioned, the conflict between Ukraine-Russia, which has lasted for three months, has begun to weigh on food and commodity prices. Elsewhere, the Fed speakers parade continued. Cleveland’s Fed President Loretta Mester said that she supports 50 bps increases in the next couple of meetings and added that the Fed is well-positioned to consider the appropriate pace for further rate hikes.need to go, and a pause on the tightening cycle would depend on data.

Earlier on Thursday, the Fed’s Vice-Chair Lael Brainard said that the central bank is getting mixed signals on the economy and that the number one challenge is bringing inflation down. When asked about aIn the meantime,

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