Silver price advanced steadily by more than 1.50% on Thursday, sponsored by several reasons. Firstly, dovish remarks by Federal Reserve (Fed) officials tumbled US bond yields in the last 48 hrs. Relief of the US debt-ceiling saga, advancing to the US Senate, and weakening in manufactury activity, were the final nails in the coffin for the greenback. Therefore, the XAG/USD is exchanging hands at $23.85 after diving as low as $23.28. The US 10-year Treasury bond yield drops four basis points (bps) from around 3.64% to 3.60%, a tailwind for the non-yielding metal. Consequently, the US Dollar Index (DXY) plummeted more ... (full story)