Silver Retreats Amid Rising US Yields

Silver prices declined by 0.8% to $28.50 per ounce on Tuesday as US Treasury yields rebounded, pressuring the precious metal despite ongoing geopolitical uncertainties.

The recent rise in Treasury yields has been driven by stronger-than-expected economic data and hawkish comments from Federal Reserve officials, which have tempered expectations for aggressive rate cuts in 2025.

According to the US Department of the Treasury, the 10-year Treasury yield climbed to 4.2% on Tuesday, up from 4.1% a week earlier.

Silver's price swings are amplified by its smaller market size and higher sensitivity to economic cycles, making it more volatile than gold.