Silver (XAG/USD) is practically flat on Thursday, holding most of Wednesday’s gains, trading just above $67.00 at the European session opening. The precious metal is drawing support from a softer US Dollar as the US Treasury unveiled a plan to double up liquidity support for longer-dated securities, and sent yields lower.
The plan is aimed at easing pressure on US long-term Government bonds, as the yield for the 30-year note hit 19-year highs at 5.33% earlier this week. Data from the US Treasury Department showed that national debt rose above $40 trillion on Tuesday, which prompted investors to request higher compensation on their bond…
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