Silver prices recently fell, decreasing by about 0.76% on Friday following a six-percent weekly decline, bringing the price to $60.50. One of the primary factors behind this trend is the rising US Treasury yields, which have capped the depreciation of the US Dollar.
Typically, when the Dollar weakens, precious metal prices like gold and silver tend to rise because they are priced in USD. However, in this instance, the higher yields have offset that effect. This scenario prompts investors to seek safer assets, including gold.
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