Bearish
Silver price remains stable as 10-year Treasury yield hits 5.30%, testing $60 support.
Over the past 24 hours, silver has faced downward pressure due to a significant rise in the 10-year Treasury yield, which reached 5.30%. This surge has challenged the $60 support level for silver, despite ongoing concerns about tight physical supplies.
Key points
- The 10-year Treasury yield has surged to 5.30%, creating a challenging environment for non-yielding assets like silver.
- Despite the yield increase, physical supply constraints continue to provide some support for silver prices.
Sources
AI-generated from public news sources. Not financial advice.
