Silver Price Tanks on Rising Yields, But Analysts See Buying Opportunity Ahead

The silver price has taken a sharp hit in recent days, down 4.83% to $61.020 as of September 28, 2026. This drop is attributed to rising bond yields, with the 10-year Treasury yield back above 5.2% and the 30-year above 5.5%. According to Peter Schiff (@PeterSchiff), gold and silver are being pulled down by these higher yields.

Schiff notes that silver pays no interest, making it a less attractive option compared to bonds when yields climb. However, he also argues that this same yield spike is bullish over time because higher borrowing costs strain the economy and federal budget deficits while feeding inflation, all of which historically support precious metals.

The chart analysis suggests that the metal's price has been testing a rising trendline from late 2025, with a daily close above $71.162 needed to turn the bigger picture bullish. The next resistance level is at $89.194, and then $121.598 as the extended target.