Silver Breaks Below $66 as Triple Threat of Oil, Yields, and Fed Fears Rattles Metals

Add to Google Preferred Sources Silver fell sharply toward $65.27 an ounce on September 10, breaking below the $66 support level that buyers had defended in recent sessions. The decline comes as Brent crude holds above $100 a barrel, Treasury yields climb, and investors increasingly question whether the Federal Reserve may need to tighten policy again. The combination has turned what would normally be an inflation-hedge environment into a rate shock for precious metals. Technical analysis now points to $63 as the next major test, with critical support at $62.54. A recovery above $66 would soften bearish pressure, but a break below $62.54 could trigger a deeper retracement. Gold steadied near $4,400 an ounce as traders await U.S. inflation data ahead of the Fed's September 14-15 meeting, with swaps markets pricing a roughly 65 percent chance of a rate hike.