Silver Faces Selling Pressure as U.S. Rates Rise

Silver prices are under significant selling pressure. Rising U.S. interest rates are weighing on the market. Silver remains sensitive to rates and the U.S. dollar.

The metal is attempting to break to new lows. Higher interest rates typically create negative conditions for silver. This trend has played out in recent months.

A potential rally could see the $60 level act as a price magnet. This figure is psychologically important, but silver has moved past it multiple times. The metal currently sits at the bottom of a possible short-term consolidation range.

A “death cross” technical signal also appears possible. This occurs when the 50-day moving average falls below the 200-day moving average. It indicates a longer-term negative outlook and could attract more selling.