Silver gains modestly but strong USD, yields cap upside potential - FXStreet

Silver's ability to post gains while fighting a strong dollar tells you everything about the physical market right now. Industrial demand isn't backing down and stackers keep buying every dip. The yield narrative is getting tired - real rates are still negative when you factor in actual inflation. COMEX registered silver sits near multi-year lows while premiums stay elevated. This modest grind higher is exactly how bull markets work in precious metals. The dollar strength is temporary policy theater. Silver's fundamentals haven't changed. Supply deficits, industrial demand growth, and monetary debasement don't care about short-term yield moves. Keep stacking.