CommoditiesMediumUpdated×2•Originally published 28 September 2026•Updated 29 September 2026•
1 min read
Silver Prices Break Support to Hit $60.50 Amid Persistent Yield Pressure
Key Facts
1Spot silver fell 4.72% as sellers pushed the metal toward the 50% retracement level of its all-time high.
2Silver prices were negatively impacted by a firm US dollar and rising bond yields.
Spot silver dropped to the $60.50 level, breaking below the previously established technical support at $60.84. Reuters reported that the decline was driven by surging US Treasury yields and rising oil prices during the September 29, 2026, session.
The breach of the 50% retracement level from the all-time high intensified selling pressure after the metal failed to maintain its position within the $61.04 to $62.98 zone. This downward movement coincided with a firm US dollar, which weighed on precious metals and forced silver to test new lows.