Silver prices drop 9% to under USD 76 per ounce amid rising yields and a stronger dollar, reversing earlier gains tied to risk appetite.
Silver prices fell nearly 9% to below USD 76 per ounce, underperforming gold as higher bond yields and a stronger dollar reversed earlier support. The decline extends a sharper correction driven by shifting market sentiment and reduced risk appetite.
The metal’s earlier rally was fueled by pre-positioning ahead of U.S.-China developments, firmer industrial metals, and spillover from AI-driven equity gains. However, rising yields and a stronger dollar have eroded these tailwinds, while India’s import curbs add supply concerns.
Sentiment remains fragile unless yields stabilize or geopolitical risks ease. Key support and resistance levels are now in focus as traders assess near-term downside risks.