Silver Prices Under Pressure Amid Rate Hike Concerns

Silver prices faced downward pressure last week. The metal failed to break above its key resistance level of $72.

Market sentiment shifted after a hawkish message from the Jackson Hole symposium. This increased expectations for a September interest rate hike by the U.S. Federal Reserve.

Rising rate hike fears pushed the U.S. dollar and Treasury yields higher. This trend may keep silver weak in the near term.

The long-term outlook for silver remains constructive. Prices hold above the support area between $40 and $50.

Future price movements will depend on upcoming U.S. jobs and inflation reports. Signals from gold-silver price ratios will also influence direction.