Silver reaches $28.32, lifted by falling US Treasury yields, softer Dollar, despite Fed's hawkish view.
Israel's PM comments add to geopolitical tensions, boosting precious metals.
Market eyes US CPI for inflation insights; Fed vows to tackle inflation.
Silver rallied to an almost three-year high, with the grey metal breaching key resistance on June 10, 2021. Buyers are eyeing May 2021 highs. Factors like a soft US Dollar and falling US Treasury yields underpin the precious metal amid speculations of a less dovish Federal Reserve. The XAG/USD trades at $28.00 a troy ounce after hitting a new multi-month high of $28.32.
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