The markets have recently seen a notable decline in silver prices, which dropped around 6% over the week. On Friday, silver fell another 0.76%, bringing it to $60.50. This movement coincided with rising US Treasury yields that limited the impact of a weaker US dollar following a soft US jobs report.
How This Affects Gold
While silver prices fluctuate, it's important to note how similar factors might affect gold. As US Treasury yields rise, investors often shift their assets away from non-yielding assets like gold, potentially leading to price declines there as well. However, gold is often seen as a safe haven, especially during economic uncertainty, which can provide a buffer against sudden price changes.
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