Silver climbed more than 2% on Tuesday after the latest U.S. Consumer Price Index matched economists’ forecasts, easing concerns that the Federal Reserve might speed up interest rate hikes. Spot silver traded at around $24.50 an ounce, up 2.3% from the previous close, while gold rose 0.8%. The move came as the dollar index slipped 0.3% and Treasury yields edged lower, improving the appeal of non-yielding assets like silver. The metal remains range-bound, with support near $23 and resistance around $25, and analysts say sustained gains may depend on clearer signals on Fed policy and global economic growth. Silver’s response also reflected its dual role as a precious metal and an industrial input used in solar panels, electronics and other manufacturing applications.