Silver Price Slips Below Key Support as Treasury Yields Rise

Silver's price dropped below $63.47 support as rising US Treasury yields put pressure on metals, according to Traders Union.

The current price of silver is $64.73, down 1.0109 from the day before, representing a 1.54% decrease.

Despite this decline, silver remains above its medium-term average but still below its longer-term trend benchmarks.

The metal's technical formation has confirmed a bullish Head & Shoulders pattern after breaking above $63.30, indicating a possible exhaustion of selling pressure and prompting some reallocation of trading flows.

However, this technical development emerged alongside ongoing reassessment of macro conditions and price action under broader selling pressure.