Silver continues to rebound from two-month trough

Silver prices rose in European trade on Friday for another session away from a two-month trough as US treasury yields slow down.

While hopes improve for Chinese demand as authorities continue to take measures to support the economy, as the central bank announced a surprise interest rate cut earlier this week.

Silver Prices Today

Silver prices rose 0.8% to $22.88 an ounce, with a session-low at $22.67, after rising 1.2% on Thursday, the first profit in five days away from a two-month trough at $22.22.

US Yields

US 10-year treasury yields tumbled 1.5% today away from a ten-month high at 4.312%, and on track for the first loss in seven sessions, in turn boosting non-yielding metals.

Investors now look forward to more reliable clues about the future path of US monetary policies. 

China's Economy

In a surprise step, the People's Bank of China cut one-year medium-term borrowing rates by 15 basis points to 2.50%.

It's the second interest rate cut in three months, in order to boost the weakening economy and especially the struggling real estate sector.