Silver Price Forecast: Crashes below $77 as RSI shifts bearish, eyes on $75

💡 DMK Insight

Silver’s sharp 7.90% drop signals a critical shift in market sentiment. The surge in US Treasury yields is a clear indicator that investors are bracing for potential interest rate hikes, which historically dampens demand for non-yielding assets like silver. With XAG/USD now trading at $76.88 after peaking at $83.87, traders should be cautious. This volatility could lead to further declines if yields continue to rise, especially if the 10-year Treasury yield breaches key resistance levels. Look for support around $75; a break below could trigger more selling pressure. On the flip side, if inflation fears persist without corresponding rate hikes, silver could see a rebound as a hedge. Keep an eye on economic data releases and central bank commentary for clues on future rate decisions. The next few days will be crucial for establishing whether this is a temporary dip or the start of a longer-term downtrend.