Gold and silver remain under short-term pressure from higher oil prices, rising yields, and inflation fears, but key support zones remain intact as both metals await the next breakout.
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India has curbed imports of silver in nearly all forms with immediate effect, according to a government order issued on Saturday, as the world's biggest consumer of the metal seeks to rein in shipments and ease pressure on the rupee.
Silver prices crashed over 8% as Treasury yields surged and a stronger U.S. dollar crushed demand for non-yielding metals.
The silver market did spike at one point this past week, but we have seen a lot of selling pressure at the $90 barrier yet again, showing how much uncertainty there is.The silver market did spike at one point this past week, but we have seen a lot of selling
The silver market gapped lower on Friday, and kept falling, as interest rates in the United States continue to rise, punishing the value of silver.
Silver price today: Silver falls, according to FXStreet data
Gold and silver remain under pressure as higher oil prices, rising Treasury yields and a stronger U.S. dollar weigh on sentiment, while silver shows relative strength and waits for a clear breakout.
Gold and silver are getting hit from all sides as a surging dollar, soaring bond yields and heavy equity market losses combin.
Silver price slides as rising US yields, hawkish Fed remarks dent demand
Silver continues to be very noisy on Thursday, as we continue to watch interest rates, and of course, supply. At this point, the biggest thing to keep in mind is that the supply remains very weak.