Silver Price Slips Below $64.00 Amid Inflation Fears and Geopolitical Tensions

The price of silver has slipped below $64.00 as inflation fears increase. The XAG/USD pair is currently trading around $63.40 per troy ounce, extending its losses for the second successive day.

The surge in US 10-year Treasury yields to a 2025 high of 4.80% has reignited market anxieties surrounding stubborn inflation and potential further interest rate increases.

Geopolitical tensions between the United States and Iran have also contributed to the rise in crude oil prices, threatening Middle East energy supplies.

Market focus is now shifting to upcoming economic data releases, including the ADP employment report and Friday's nonfarm payrolls, for clearer signals on the Federal Reserve's rate strategy.