**BREAKING: Silver Retreats as Trump Ceasefire Collapse Shifts Market Sentiment**
Silver prices declined 0.54% during Friday’s North American trading session, falling to $59.66 as markets reacted to escalating geopolitical tensions and rising US Treasury yields. US President Trump’s announcement that a ceasefire is “over” triggered an immediate shift in risk sentiment, pressuring precious metals despite their traditional safe-haven status. The XAG/USD pair is forming a lower high structure, with bearish traders now targeting the $55.00 level as elevated Treasury yields make non-yielding assets less attractive.
The sudden deterioration in ceasefire talks has created conflicting market dynamics, with higher yields outweighing geopolitical risk premiums for silver. Traders focused on precious metals should monitor both the technical breakdown toward $55.00 and Treasury yield movements, which continue to drive directional flows. The combination of geopolitical uncertainty and monetary policy signals is creating heightened volatility across commodity markets.
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FXnCO Insight
** Traders should watch for a decisive break below current support levels, as the bearish technical setup combined with elevated yields suggests further downside toward $55.00 unless risk-off sentiment intensifies dramatically.
Source: FXStreet