Silver price recovered some ground on Friday and reclaimed the $31.00 a troy ounce, boosted by falling US Treasury bond yields and despite a firm US Dollar.

Gold price rallies to a new two-week high on Friday during the North American session as US Treasury bond yields drop.

United States Baker Hughes US Oil Rig Count rose from previous 478 to 479

The downturn in Gold prices underscored by sharp liquidations from macro funds lined up exceptionally well with historical patterns surrounding drawdowns associated with macro fund liquidations from extreme levels, averaging between 7-10% over the last decade, TDS’ Senior Commodity Strategist Daniel Ghali notes.

Crude Oil price steadies on Friday and tries to claim the $70 level after surging over 4.5% so far this week, fueled by fresh escalation between Russia and Ukraine. Both countries are rushing to get the tactical upper hand ahead of possible resolution

The Gold price has also recovered more than half of its losses since the end of October and is once again trading at $2,700 per troy ounce, Commerzbank’s commodity analyst Barbara Lambrecht notes.

The Swiss Federal Customs Authority published data on Gold exports in October this week, Commerzbank’s commodity analyst Carsten Fritsch notes.

Oil prices have risen noticeably over the past few days. Brent climbed to $74.8 per barrel in the morning, gaining almost 5% since the beginning of the week, Commerzbank’s commodity analyst Carsten Fritsch notes.

Silver price (XAG/USD) strives to establish above $31.00 in Friday’s European session.

Gold (XAU/USD) rallies for the fifth day in a row, making it a clean-sweep of green daily candlesticks for the week so far.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.25 on Friday.

Gold price extended its gains for the fourth consecutive day, clearing on its way to the 50-day Simple Moving Average (SMA) as the escalation of the Russia-Ukraine conflict augments demand for the safe-haven metal.

Silver price (XAG/USD) bounces back slightly above $31.00 in Thursday’s North American session after a corrective to near $30.80 on Wednesday.

Crude Oil prices are trying to break above $70 for a second consecutive day, fueled by headlines that Russia has launched a ballistic missile into Ukraine for the first time in the war, Bloomberg reports.

Gold (XAU/USD) extends its recovery into a fourth day on Thursday, rising up into the $2,670s during the European session.

Oil prices have been somewhat insulated by the growing tension between Russia and Ukraine.

Silver price (XAG/USD) appreciates to near $31.10 per troy ounce during the European hours on Thursday.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

Gold price (XAU/USD) prolongs its weekly uptrend for the fourth straight day and climbs to the $2,660 area, or a fresh one-and-half-week high during the Asian session on Thursday.

Silver price (XAG/USD) retraces its recent losses from the previous session, trading around $31.00 during the Asian hours on Thursday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.95 on Thursday.

Silver's price retreats over 1.14% on Wednesday, yet it remains up 1.90% in the week as traders ditch the grey metal in favor of the Greenback.

Gold price climbs extending its gains for the third straight day, shrugs off a buoyant US Dollar as risk aversion boosts safe-haven assets.

United States EIA Crude Oil Stocks Change above expectations (0.4M) in November 15: Actual (0.545M)

How much further can the bounce in Gold prices run? Any way you slice it, this is not the same set-up for flows as a few short months ago, TDS’ Senior Commodity Strategist Daniel Ghali notes.

Crude Oil prices are ripping higher for a third day in a row on Wednesday, getting close to the $70 round level, as geopolitical tensions – namely the escalation in the war between Russia and Ukraine – take over market sentiment to the detriment of stockpile data.

Gold (XAU/USD) pauses its recovery and pulls back into the $2,620s on Wednesday due mostly to the effect of a stronger US Dollar (USD).

LME lead stockpiles surged to the highest level since 2013 yesterday after a second consecutive day of big inflows into the exchange’s sheds in Singapore, ING’s commodity analysts Warren Patterson and Ewa Manthey note.