Silver Falls Over 10% on Friday as 10-Year Treasury Yields Break 4.5%

According to Guotai Junan Futures, silver prices fell over 10% last Friday (May 17), with 10-year U.S. Treasury yields breaking through 4.5% amid persistent geopolitical tensions. The broader precious metals market retreated as inflation expectations shifted to longer-dated maturities, driven by rising neutral rate expectations. While markets had priced in potential supply risks from Peru’s energy challenges—a major global silver producer—analysts note the recent rally lacked fundamental support. Precious metals remain caught between upside headwinds and downside risks.