Silver rebounded roughly 4.6% Thursday after initially falling in response to the Federal Reserve’s 25-basis-point rate increase to 3.75%-4.00%, its first hike since 2023. The recovery was supported by a weaker U.S. dollar and declining longer-term Treasury yields after oil prices eased, improving silver’s appeal to international buyers and reducing the opportunity cost of holding a non-yielding asset. Silver had recently held around $66 while consumer-price inflation and rate-hike concerns tested its recovery. Longer term, the Silver Institute expects a sixth consecutive annual global supply deficit in 2026, alongside stronger physical investment demand. The metal’s next major test is $70, although renewed gains in Treasury yields could pressure prices as borrowing costs remain elevated, a risk discussed in Coinpaper’s analysis of the post-hike outlook.