Commodities
Silver Price Plunges Below $63.00 Amid Bearish Market Sentiment
Silver prices have slipped below $63.00 as bearish momentum builds in the precious metals market.
The white metal's decline is largely attributed to a stronger US dollar and rising Treasury yields, which typically weigh on precious metals.
Investors are also adjusting positions ahead of key economic data releases, including US inflation figures and Federal Reserve policy signals.
From a technical perspective, the 50-day moving average has been broken, a bearish signal that often attracts selling pressure.