Micro Silver Prices Drop Amid Hawkish Fed Expectations
The Micro Silver (XAGUSD-M) price has fallen by 2.11% on September 28 due to several factors.
Hawkish Federal Reserve policy expectations and rising opportunity costs for non-yielding assets have led to a surge in real yields, pushing US Treasury yields to multi-year highs and strengthening the US Dollar.
This has suppressed financial investor demand for precious metals and increased purchase costs for international buyers, negatively impacting silver prices.