Silver surged to a two-month high but faces pressure from rising bond yields and tighter monetary policy expectations.
Silver prices climbed more than 20% from May lows to a two-month high before retreating, as volatility returned to the market. The rally was driven by speculative buying and short-covering but stalled amid concerns over tighter monetary policy and higher bond yields.
Prior to the surge, silver had traded in a narrow range for weeks, with limited price movement. The recent spike contrasts with the broader metals complex, which has shown muted activity amid macroeconomic uncertainty.
Market participants are closely watching central bank signals and yield trends, which could determine silver’s next move.