Silver Price Today Slides Near $69 as Fed Hike Bets Bite, Silver Stocks Sink
Silver prices dropped 4.8% to $69.39 an ounce by early Friday afternoon, heading for a weekly loss as the dollar and Treasury yields climbed after news of increased U.S. troop deployments to the Middle East. Gold, platinum, and palladium also fell. The U.S. 10-year Treasury yield rose to 4.372%. Toronto’s materials sector lost 2.9%, with Endeavour Silver shares down over 4%.