CommoditiesMediumUpdated•Originally published 28 September 2026•Updated 28 September 2026•
1 min read
Silver Prices Drop 4.72% Testing Critical Technical Support Levels
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 fell 4.72% as sellers pushed the metal toward a critical technical support level at $60.84, representing the 50% retracement of its all-time high. FX Empire reported that silver prices were negatively impacted by a firm US dollar and rising bond yields during the September 28, 2026, session.
The decline followed silver's failure to hold levels above its 50-day moving average, placing the retracement zone between $61.04 and $62.98 under significant pressure. This downward movement coincided with rising 10-year US Treasury yields as markets weigh the impact of geopolitical tensions on oil prices and interest rate expectations.