Silver Price Analysis: XAG/USD stays firm above $24.00 on weak US Dollar

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• Silver posts gains of more than 6% in the last couple of days, sponsored by a dovish Fed.
• US Treasury bond yields plunge continued for the second straight day.
• XAG/USD is upward biased in the near term but must reclaim $25.00 to challenge year-to-date (YTD) highs.

Silver price climbs and reclaims the $24.00 figure after extending its gains for the second consecutive day, following the Federal Reserve’s dovish pivot on Wednesday. The plunge in US Treasury bond yields plunge, favors the non-yielding metal, which is rising to a six day high at around $24.21, gaining more than 1.50%.