Silver Edges Lower as Fed Rate Hike Bets Limit Recovery Amid Tensions

Silver (XAG/USD) edged lower on Friday, hovering near $59.90 at the time of writing, a modest decline of 0.08%. The metal's downside reflects renewed bets that the Federal Reserve will continue raising interest rates, which strengthens the U.S. dollar and reduces the appeal of non-yielding assets like silver.

While geopolitical tensions in the Middle East typically boost safe-haven demand, the prospect of tighter monetary policy has outweighed those factors, limiting any recovery in the white metal. Traders remain focused on Fed guidance and upcoming economic data for further direction.