⛏Silver Futures
SILVER
▼ NegativeMonetaryrelevance
Rising Fed rate hike odds strengthen USD and bond yields, pressuring silver prices.
Impact on assets 1
Others
Silver prices declined for a third consecutive day, trading around $56.90 per troy ounce during Asian hours on Thursday. The decline comes as market expectations shift toward tighter monetary policy from the Federal Reserve, increasing the odds of a rate hike. The stronger US dollar and higher bond yields are weighing on the precious metal.
Rising Fed rate hike odds strengthen USD and bond yields, pressuring silver prices.