Silver Prices Rise as U.S. Yields Drop

Silver prices gained early Thursday as U.S. interest rates fell. The decline in the 10-year Treasury yield offered some relief to the market.

Concerns about the Middle East and potential energy shocks also influenced trading. Traders are closely watching if current high interest rates are sustainable.

The 10-year yield appears to be forming a double top after a recent sharp increase. Active traders note a strong correlation between silver and spikes in the 10-year yield.

The market currently attempts to hold within a range of $70 to $80. A move below $70 would signal a negative turn, potentially leading to further declines.