Silver Price Reacts to Interest Rates Amid Volatile Bond Market

The silver price continues to react to interest rates, which received some relief after a weaker-than-anticipated jobs number. However, interest rates are still somewhat elevated. The bond market remains under scrutiny due to ongoing concerns in the Middle East, which could throw it into chaos again.

Technical traders will be keeping an eye on the 200-day EMA, as breaking above it would be a technically bullish signal and could cause some headlines. If this happens, the silver price could move towards the $70 level, a large, round, psychologically significant figure that has seen reactions in the past.