TODAY'S MARKET INTELLIGENCE
Aug 20: US Treasury Expands Long-Dated Buybacks, Weakens Dollar, Supports Silver
English summary
During Thursday's European session, spot silver traded near $66.50/oz. The US Treasury doubled its per-operation long-dated buyback cap from $2B to at least $4B, pushing bond yields lower and pressuring the dollar, supporting silver. JPMorgan and Citi offer differing outlooks.
The English text is machine translated and may require verification against the Chinese version.
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