Silver prices fell to the $70 level on Thursday. This decline occurred as interest rates in the United States and Europe rose.
Higher interest rates negatively impact silver. They make non-yielding assets less appealing to traders. The market has seen significant volatility.
Concerns about global conflicts and potential inflation also weigh on investor sentiment. These factors could prompt the Federal Reserve to keep rates higher for an extended period.
Silver has generally underperformed gold. This relationship is typical, unlike the unusual market behavior seen in recent months.