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fxAug 19, 2026, 7:08 PM

Silver surges as Treasury buyback plan sinks the dollar

Silver is trading sharply higher on Wednesday near $65.80 as a US Treasury buyback plan weighs on the dollar and fuels a broad precious metals rally.

XAGUSDXAUUSD

Silver (XAG/USD) is changing hands near $65.80, sharply higher on Wednesday. The advance comes as a Treasury buyback plan is reported to be pressuring the US dollar.

The metal is part of a wider rally across precious metals, with gold (XAU/USD) also described as soaring in the same update.

Source: FXStreet Forex News