Silver Prices Sink to $57.64 Amid Geopolitical Tensions and Rising Rates

Silver investors are navigating turbulent markets as geopolitical tensions clash with rising interest rates and a strengthening dollar.

The metal plummeted 3.46% on July 23 to settle at $57.64 per ounce, extending a volatile stretch that has left prices oscillating around the $57.50 mark.

Geopolitical instability is fueling inflation fears, with crude oil surging above $100 a barrel and the US imposing strikes on Iran for the 13th consecutive night.

The yield on 10-year US Treasuries climbed to 4.7%, the highest level since January 2025, while the dollar index rose about 0.3% to breach 101.40.

For silver, higher bond returns and a firmer dollar are a toxic combination, punishing non-yielding assets like the precious metal.

Banks such as JP Morgan and Goldman Sachs predict significant price increases in the future, with consensus estimates clustering between $75 and $85 per ounce.