Silver Falls as Rising Treasury Yields and Dollar Weigh
The transcript points to a familiar macro pattern: higher Treasury yields and a stronger dollar have coincided with silver weakness in 2018 and 2022.
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The transcript points to a familiar macro pattern: higher Treasury yields and a stronger dollar have coincided with silver weakness in 2018 and 2022.
The analyst sees the next few weeks as a key test for silver, with $60 in focus and historical midterm-year patterns offering a possible window for a low.
A stronger dollar and rising yields are tightening financial conditions, while euro weakness tied to fiscal and political concerns is adding to the pressure on risk assets.
A stronger dollar and Treasury yields at multi-year highs are tightening financial conditions, putting pressure on risk assets while investors reassess the path for U.S. rates.