Silver Jumps 6% in a Week on Treasury Buybacks, Inflation Risks May Limit Upside

English summary

Spot silver extended gains on Friday, up over 6% on the week to a high of $69.20/oz since June 19. The U.S. Treasury's expanded long-dated debt buybacks dragged yields and the dollar lower, but rising energy prices from U.S.-Iran tensions and higher inflation/rate hike expectations may cap further upside.