**Breaking News: Silver Reverses Sharply Lower as Treasury Yields Climb**
Silver prices have erased early session gains and turned negative Thursday, with XAG/USD dropping 0.7% to trade around $57.25 during European hours. The white metal had started positively, reaching an intraday peak of $58.65 before reversing course sharply lower.
The downturn comes amid surging U.S. Treasury yields, which typically pressure non-yielding precious metals by increasing the opportunity cost of holding them. The rapid intraday reversal from $58.65 to $57.25 represents a swing of approximately $1.40, signaling heightened volatility and uncertain momentum for silver traders.
This price action affects precious metals traders, commodity brokers, and portfolio managers with exposure to safe-haven assets. The move underscores silver’s sensitivity to rising yields and broader risk sentiment shifts, particularly as Treasury markets experience significant movement.
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FXnCO Insight
** Traders should monitor U.S. Treasury yields closely as the primary driver for silver direction, with further yield increases likely to pressure XAG/USD toward support levels below $57.
Source: FXStreet