Silver Price Falls 1.7% as Bond Yields and Dollar Rebound
Silver drops 1.7% to near $58.00 during European trading as rebounding U.S. Treasury yields and a stronger dollar weigh on the metal.
XAGUSD
Silver (XAG/USD) declined 1.7% on Friday, trading around $58.00 as selling pressure persisted through the European session.
The slide coincided with a bounce in U.S. Treasury yields, which recovered ground amid lingering concerns that inflationary pressures will remain sticky. A rebounding U.S. dollar added further headwinds for the non-yielding metal.
Source: FXStreet Forex News