Silver Prices Break Below $60 Support as U.S. Treasury Yields Surge

Key Facts

1Silver prices fell below the $60 per ounce level driven by surging U.S. yields and a stronger dollar.

2China's holiday lull and fading scarcity expectations contributed to increased selling pressure on precious metals.

Silver prices fell below the $60 per ounce level driven by surging U.S. Treasury yields and a stronger dollar. Benzinga reported that the breach of this psychological support occurred as expectations of supply scarcity began to fade.

A holiday lull in Chinese markets contributed to reduced physical demand, intensifying selling pressure on precious metals. The decline reflects broader macro headwinds as robust dollar performance continues to weigh on non-yielding assets.