Silver Prices Pull Back on Stronger Dollar, Technical Levels in Focus

Silver prices have pulled back from recent highs, putting the $63.50 support level in focus for traders and investors.

The stronger U.S. dollar and rising Treasury yields are weighing on silver, making it more expensive for overseas buyers and increasing the opportunity cost of holding bullion.

Technical charts show that silver broke below a short-term ascending trendline, triggering sell signals.

A sustained break below $63.50 could open the door to further declines, while a bounce could signal that the uptrend remains intact.