Slumping Silver Caught Between Hawkish Yields and Geopolitical Tensions

Silver is facing a tough environment in August, down 2.51% to $57.77 per troy ounce after a prolonged losing streak.

The US bond market's rise has led to higher real yields, making silver less attractive to investors who can earn interest on their money elsewhere.

A fractured Federal Reserve is also causing uncertainty, with three Fed members dissenting at the last meeting and pushing for further tightening to combat inflation.

Renewed US strikes on Iranian targets have added to global tensions, keeping oil prices elevated and feeding concerns about inflation.