Silver price (XAG/USD) is down 1.7% to near $58.00 during the European trading session on Friday. The white metal continues to decline throughout the day as United States (US) Treasury Yields have bounced back amid fears that inflationary pressures will remain elevated.
As of writing, 10-year US Treasury Yields are up 0.45% to near 4.68% after a weak performance in the opening trade.
Higher US Treasury Yields bode poorly for non-yielding assets, such as Silver.
In the monetary policy announcement on Wednesday, the Federal Reserve (Fed) left interest rates unchanged in the range of 3.50%-3.75%, and policymakers expressed mounting concerns…
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