Silver Price Stalls as Rising Yields Weigh on Non-Yielding Assets

The silver price has stalled at its 200-Day EMA due to rising interest rates making non-yielding assets less attractive. Analysts also note that a potential resurgence of the US dollar could impact silver prices. The market is waiting for clarity on the bond market and the situation in the Middle East, which are currently uncertain.

In the long-term, analysts are bullish on silver due to increasing demand from electrification efforts. However, traders are currently focused on interest rates rather than supply and demand fundamentals.