Silver Prices Slip Below $64 Amid Surge in US 10-Year Treasury Yields

Silver prices declined below the $64.00 mark, trading around $63.40 per troy ounce during Asian hours on Wednesday, according to FX Street. The drop came as the US 10-year Treasury yield rose to 4.80%, its highest level since early 2025.

The rise in Treasury yields typically puts pressure on precious metals like silver, as higher yields increase the opportunity cost of holding non-yielding assets. This dynamic has weighed on silver prices, reflected in the recent price dip against the US dollar (XAG/USD).

For Japanese investors, the movement in silver and Treasury yields is notable amid ongoing volatility in FX and commodity markets, where shifts in US bond yields often ripple through global asset classes, impacting portfolio strategies.