FXStreet Data Shows Silver Price (Silver/USD) Declines

Silver prices saw a slight pullback in consecutive trading on Thursday. According to data released earlier by FXStreet, silver traded at $66.71 per ounce during the day, down 0.42% from Wednesday's $67.00. As of press time, spot silver was trading near $66.79, extending the day's moderate adjustment trend.

**Stabilizing Dollar Pressures Silver Performance**

The US dollar index has paused its decline after rebounding from a two-month low, exerting some pressure on dollar-denominated silver. Market reports indicate that the dollar has attracted some selling interest, but it remains in a consolidation phase following the rebound, leaving silver without direct momentum for further upside. Investors are closely monitoring the upcoming release of the Federal Reserve meeting minutes to gauge the potential impact of future monetary policy paths on precious metals.

**Market Sentiment Intertwined with Macro Backdrop**

Despite silver's intraday weakness, the precious metals market over a longer timeframe remains shaped by a complex mix of factors. On one hand, easing US inflation expectations have provided support for assets like gold; on the other, ongoing geopolitical tensions in the Middle East have added to market uncertainty. Against this backdrop, silver—an asset with both industrial and safe-haven properties—sees its price fluctuations reflecting a sustained tug-of-war between bullish and bearish forces.

**Technical Levels in Focus**

Some analysts suggest that gold prices have recently reclaimed the $4,350 level, recovering part of their losses, indicating that overall sentiment in the precious metals sector has not fully turned bearish. For silver, the balance of bid and ask orders near current levels will be key to determining short-term direction. Investors should watch subsequent moves in the US dollar index and how macroeconomic data guides market risk appetite.