Silver Plunges Below $66 Amid Triple Threat of Oil, Yields, and Fed Fears

Silver prices tumbled to $65.27 an ounce on September 10 as a triple threat of rising oil, Treasury yields, and Federal Reserve fears weighed heavily on the metal.

The breakdown below $66 marked a decisive shift in momentum, leaving traders to confront the possibility of a deeper slide toward levels not seen since the early-2026 turbulence.

Analysts note that higher oil prices do not automatically benefit precious metals like silver, as increased energy costs can drive bond yields up and lead markets to expect a more aggressive response from the Federal Reserve.

The result is a higher opportunity cost for holding assets that pay no interest, making it increasingly challenging for investors to hold onto non-yielding assets like silver.