Silver held above $30.10 an ounce on Wednesday, holding near its highest level in more than three weeks despite pressure from the dollar and rising Treasury yields.
The move came as strong U.S. economic data reduced the likelihood of further interest rate cuts by the Federal Reserve. Silver, along with other safe-haven assets, also benefited from uncertainty ahead of U.S. President-elect Donald Trump's inauguration on Jan. 20 and uncertainty over his tariff plans.
Silver also gained support from hopes that China, the world's top consumer of the metal, will follow through on its promise to increase monetary and fiscal stimulus to boost economic growth.
Silver was trading at $30,054/Toz at the time of writing.
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