Silver is down by 5.12%

Silver decreased 5% to 67.736 USD/t.oz

Silver prices fell around 3% to trade below $69.5 per ounce on Thursday as a stronger US dollar and rising Treasury yields dampened demand for non-yielding bullion. The dollar index edged up for a third consecutive session while the 10-year Treasury yield held around eight-month highs as investors weighed the end of a five-day pause in US strikes against Iranian energy infrastructure. Although the Trump administration reportedly delivered a 15-point peace proposal via Pakistan Tehran has shown little willingness to compromise while the US deployed additional troops to the region. These geopolitical tensions have kept energy prices elevated reinforcing inflation concerns and fueling expectations that the Federal Reserve will maintain steady interest rates. On the data front initial jobless claims matched forecasts at 210K while continuing claims fell to a near two-year low suggesting a resilient labor market.

Silver decreased 5.12% to 67.65 USD/t.oz