Silver Price Forecast: Rising Rates Put Range Support at Risk

XAG/USD: near-term bias is bearish, but a break is not yet confirmed. The pressure comes from rising U.S. rates, which raise the opportunity cost of holding non-yielding silver; if those yields reflect persistent energy-driven inflation, they could also keep monetary policy expectations restrictive. The article identifies the lower edge of a roughly $63.50–$70 range as the immediate test, with $60 a potential next area of support if the floor gives way.

The downside case is tempered by the article’s view that strong demand and constrained production could support silver over a longer horizon. That structural backdrop may limit follow-through from a technical breakdown, while easing yields or a rebound from range support could restore the consolidation scenario. Traders should watch U.S. yields and the dollar, whether silver holds or decisively loses the range floor, and any evidence that demand and supply constraints remain supportive.