XAG/USD falls 0.54% amid higher U.S. Treasury yields and renewed geopolitical tensions after a ceasefire collapse.
Silver prices declined 0.54% to $59.66 during Friday’s North American session, pressured by rising U.S. Treasury yields and a shift in market sentiment. The retreat follows reports that a ceasefire has ended, adding to geopolitical uncertainty.
The metal remains in a downward trend, with technical indicators showing a bearish bias. The Relative Strength Index (RSI) sits below its 50-neutral level, reinforcing the negative outlook. Key support levels include the July 8 low of $57.22 and the June 22 year-to-date low of $55.63.
A break below these levels could target the November 13, 2025, support at $54.30. Resistance lies near $62.25-$62.50, with further upside potential at the 50-day and 200-day SMAs at $69.94 and $70.31, respectively.