- Silver prices dropped after testing weekly highs of $24.00, impacted by rising US bond yields.
- Bullish momentum was curbed by the strong US Dollar and significant resistance at the $24.00 area, according to technical indicators.
- Downward bias confirmed by bearish Relative Strength Index (RSI) and three-day Rate of Change (RoC).
Silver price dropped after testing weekly highs of $24.00, and retraces weighed due to elevated US bond yields, strong US Dollar (USD), and technical indicators. The XAG/USD exchanges hands at around $23.40s after hitting a weekly high of $24.05.
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