Silver Prices Consolidate Amid Rising US Yields, Mideast Tensions

Silver prices continue to consolidate, influenced by rising U.S. interest rates and geopolitical uncertainty. The precious metal saw slightly positive early trading on Tuesday, but overall movement remains sideways.

The U.S. 10-year Treasury yield has climbed significantly in recent weeks. This trend typically creates challenges for non-yielding assets like silver, as higher yields generally cause silver prices to fall.

Technical analysis shows the market trading in a range. The 50-day exponential moving average (EMA) acts as a short-term resistance level, while support appears firm at the 70 level.

Traders are also monitoring developments in the Middle East, though their impact remains unpredictable. Analysts expect silver to continue its back-and-forth movement within its current range.