Silver Prices Surge Amid Global Bond Selloff, But Rebound Faces Resistance

Silver prices have surged to $64.57 after rising by 1.4% on the day, but its rebound is facing stiff resistance.

The price of silver remains above its short-term averages while being capped by broader moving averages, indicating a medium- to long-term resistance.

A pronounced global selloff in bonds has driven the US 10-year Treasury yield up to 4.80%, increasing the opportunity cost of holding non-yielding assets like Silver and limiting immediate investment demand.