Silver Price Holds Near $60.32 Support Amid Elevated Yields

The price of Silver (XAG) has been holding steady near its $60.32 support level amid pressure from higher U.S. Treasury yields, according to tradersunion.com.

Elevated yields have reduced demand for Silver as investors shift their allocations towards higher-yielding government bonds.

The attractiveness of non-yielding precious metals remains low, with the current market action shaped primarily by the yield environment.

Technical analysis suggests that Silver trades below key moving averages, with bearish momentum signals and an expected 2-3 day range of $60.32 to $62.86.