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Silver prices fell sharply as rising interest rates and geopolitical tensions pressured the market. Analysts highlight $70 as a critical support level, with further declines likely if this threshold breaks. Higher borrowing costs reduce demand for non-yielding assets like silver, while geopolitical uncertainty adds volatility. For traders, this creates a bearish outlook, especially with central banks maintaining hawkish stances. The broader commodity sector faces similar headwinds, and investors should monitor upcoming central bank decisions and geopolitical developments for directional clues. If the $70 level fails, technical indicators suggest a potential drop toward $65-$60, with a reversal above $75 needed to restore bullish momentum.
