Reasons for silver price drop, what pressure is dominating the precious metals market - news.laodong.vn

AI desk brief

Silver slipped more than 1% as the USD strengthened and U.S. bond yields rose after the Fed signaled it will keep policy tight to fight inflation. The article puts spot silver at $63.27/oz at 9:15 a.m. Sept. 17 (Vietnam time), down $0.59 from the prior morning, after failing to hold the $64/oz area.

Near term, the market is watching $62/oz support; a break could expose $60/oz, while a weaker dollar and lower yields would be the main catalysts for a rebound. The piece also notes silver’s sensitivity to industrial demand from renewables, electronics and high-tech manufacturing, alongside macro drivers like inflation, oil and geopolitics.