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Silver prices extended their decline for a second straight session on Tuesday, slipping below the $68.50 level to trade around $68.40 per troy ounce during European market hours. The precious metal faced persistent selling pressure despite broader macroeconomic factors attempting to provide an underlying floor for hard assets. Despite the recent downside action, analysts note that silver could regain its footing over the medium term. Ongoing US government interventions in the bond market are stoking renewed interest in debasement trades, where investors seek real assets as a hedge against currency devaluation and rising sovereign debt burdens. Traders and investors should closely monitor sovereign yield movements and physical demand trends to gauge the next major directional move. Key technical support levels near recent lows will be crucial in determining whether the current dip represents a buying opportunity or the start of a deeper correction.
