Silver Stalls Below $60 as US Yields Rally

Silver (XAG/USD) is hovering a few cents below the $60.00 mark on Thursday, showing almost no movement as upside attempts remain limited.

The rally in US Treasury yields is capping any further advance for the precious metal. Higher yields typically increase the opportunity cost of holding non-yielding assets like silver.

Traders are watching for a break above $60.00 or a deeper pullback if yields continue to climb.