Silver Prices Tumble as USD Strengthens and Bond Yields Rise

Silver prices decreased on August 27 as the US dollar strengthened and US bond yields rose. The market is waiting for new policy signals from the Federal Reserve.

According to Laodong.vn, the silver price at the close of the session was $68.13 per ounce, down $0.33 compared to the previous day. This decrease comes as the market is cautious in the face of recent statements from US Federal Reserve Chairman Kevin Warsh at the Jackson Hole conference.

The strengthening USD and rising US bond yields have put pressure on precious metals, including silver, as investors take profits. The yield of 10-year US Treasury bonds has increased to around 4.7%, and the recovery of the USD is creating more pressure on silver prices.

However, the medium-term outlook for silver still receives support from factors such as industrial demand, especially in the field of renewable energy and technology production. Concerns about US budget deficits and geopolitical instability may also drive cash flow to precious metals.