Silver Prices Fall Amid Rising U.S. Interest Rates

Silver prices fell on Tuesday. Rising interest rates in the United States weighed on the metal.

The 10-year U.S. Treasury yield rose again. This movement works against silver’s value. The market had attempted a rally earlier in the trading session.

Silver is currently trading within an overall range. This range spans from $70 at the bottom to $90 at the top. The market could move back toward the $80 level, which sits in the middle of this range. The 50-day Exponential Moving Average (EMA) also sits just below $80.

A break above $90 could open the door for a move to $100. The $70 level acts as a floor for the market. Silver is known for its high volatility. Traders often keep position sizes reasonable due to this.