Neutral
Silver remains range-bound between $63 and $70 as 19-year high Treasury yields weigh.
Over the past 24 hours, silver (XAGUSD) has continued to trade within a tight range of $63 to $70. This consolidation is primarily due to the upward pressure from 19-year high U.S. Treasury yields, which have dampened the appeal of non-yielding assets like silver. Despite strong industrial demand, silver's price remains compressed as it seeks a clear directional catalyst.
Key points
- U.S. Treasury yields reach 19-year highs, pressuring silver prices.
- Silver consolidates between $63 and $70, lacking a clear breakout direction.
- Strong industrial demand provides support but is offset by higher yields.
Sources
AI-generated from public news sources. Not financial advice.
