XAG/USD falls toward $61.00, erasing Monday’s modest rebound amid rising US bond yields.
Silver prices extended losses Tuesday, with XAG/USD approaching a seven-month low of $61.00 as rising US Treasury yields weighed on non-yielding assets. The metal traded near $62.00 after a brief recovery attempt Monday failed to sustain momentum.
The decline follows a broader downtrend, with silver nearing its year-to-date lows. Prior sessions saw limited upside, as higher yields increased the opportunity cost of holding precious metals. Comparable periods show similar pressure during yield spikes.
No immediate market reaction data was provided, but the move reflects ongoing macroeconomic sentiment shifts.