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Silver sells off more than gold as Treasury yields hit fresh highs
BMO Capital Markets forecasts show silver trades nearly 30% above its $47 structural anchor, compared with gold about 4% above its $4,000 anchor, leaving silver more exposed to a premium unwind.
Gold and silver fell as U.S. Treasury yields pushed higher, with the U.S. 10-year yield moving to a fresh multi-decade high near 5.232%, according to Action Forex.
Action Forex cited BMO Capital Markets research showing silver trading nearly 30% above its $47 structural anchor, while gold sits about 4% above its $4,000 anchor.
The outlet said the sharper selloff in silver versus gold points to valuation cushion differences, not just the impact of yields.
For traders watching the gold or silver complex, Action Forex noted that the size of the valuation gap could determine how much further silver underperforms, depending on whether the gap thesis holds.
Latest closeGold $4,147.50 ▼4.0%|Silver $60.95 ▼5.1%