Commodities
Silver Prices Slide Below $69.00 Ahead of Fed Chair Speech
Silver prices slipped below $69.00 as market participants turned cautious ahead of the Federal Reserve Chair's highly anticipated speech, according to recent data.
The pullback in silver prices comes as Treasury yields and the U.S. dollar show resilience, driven by expectations that the Fed may maintain a hawkish stance.
A stronger dollar and higher yields typically increase the opportunity cost of holding non-yielding assets like silver, putting downward pressure on prices.