Silver rose 0.56% on Friday to trade near $58.19 per troy ounce.
The metal bounced from seven-month lows to provide a temporary reprieve for investors.
Despite the daily gain, silver remains on track for a 10% weekly decline.
Expectations for U.S. Federal Reserve interest rate hikes to fight inflation drive market volatility.
Higher rates typically pressure non-yielding assets like silver.
Analysts view the current rebound as a corrective reaction within a bearish market.