Silver hits its lowest level since December as a strong dollar, rising yields, and Fed hawkishness put critical $60.83 support at risk.
Silver Price Forecasts: XAG/USD licks its wounds above $61.00 amid a strong US Dollar
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD sees fresh downside leg below $60 amid hawkish Fed bets
Gold and silver remain under pressure as the dollar rallies, rising Treasury yields, and Fed rate hike expectations put key support levels at risk.
Silver Price Forecast: Can bulls defend $60 as the US Dollar climbs to one-year highs?
Silver drops as risk appetite crumbles early on Tuesday, with the Iranians claiming they will administer the Straight of Hormuz going forward. Silver remains volatile overall, so position sizing is crucial.
Silver price today: Silver falls, according to FXStreet data
Gold and Silver are facing increasing downside risks as the US Dollar Index and Federal Reserve rate hike expectations continue to gain bullish traction.
Silver Price Forecasts: XAG/USD nears seven-month lows at $61.00 as US yields jump
Silver: Consolidation expected below key resistance – OCBC
Silver came under pressure following the Federal Reserve's June meeting, at which policymakers kept interest rates unchanged at 3.50–3.75%. Nine of the 18 committee members still see the possibility of a rate increase this year, reinforcing expectations of further monetary tightening.