Silver Extends Gains Despite Strong Dollar

2026-02-19 02:12 By Jam Kaimo Samonte 1 min. read

Silver climbed to around $79 per ounce on Thursday, extending gains from the previous session, as the broader metals market rebounded even as the dollar rallied on robust US economic data and hawkish signals from the Federal Reserve.

Minutes from the Fed’s January meeting revealed a split among policymakers, with some signaling that rate cuts would be appropriate if disinflation continues, while others favored keeping rates elevated longer and even highlighted the possibility of further tightening should inflation remain persistent.

Traders slightly trimmed expectations for Fed rate cuts this year but still anticipate two 25 basis point reductions before year-end.

Silver and other precious metals were further supported by rising geopolitical tensions, as the US increased its military presence in the Middle East amid concerns of potential conflict with Iran, and peace talks between Ukraine and Russia concluded without a breakthrough.



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