Silver prices rise positively, despite pressure from the Fed - Laodong.vn

AI desk brief

Silver rose 0.75% to $66.62/oz as the market balanced Fed-driven pressure from higher U.S. yields and a firmer dollar against inflation, geopolitical risk and safe-haven demand. The article says silver is testing $66.70/oz resistance, with a break potentially opening the way to $68/oz; failure to hold current support could trigger a pullback.

Domestic Vietnamese silver prices also moved higher: Ancarat’s 1kg 999 silver bars were quoted at 58.596-60.406 million VND/kg, while Phu Quy listed 59.786-61.626 million VND/kg, both up by about 400,000 VND/kg from the prior day. The week’s key catalysts are U.S. PMI data, jobless claims, durable goods and Michigan sentiment, which could move the dollar and Treasury yields and, in turn, precious metals.