Silver Gains as Soft US Inflation Data Weighs on Dollar

Silver prices advanced on Thursday, climbing roughly 1.7% as the dollar weakened following a pair of disappointing US data releases.

Softer-than-expected inflation numbers and a below-forecast GDP print weighed on the greenback, making dollar-denominated commodities like silver more attractive to holders of other currencies.

The metal's rally came as traders reassessed the pace of Federal Reserve tightening, with lower inflation reducing the urgency for aggressive rate hikes.