SI=F is trading at $84.89 (-4.5%) as silver snaps its recent winning streak amid a stronger U.S. dollar and higher-for-longer Fed expectations.
- April retail sales rose 0.5% and weekly jobless claims hit 211,000, signaling a resilient economy that may delay interest rate cuts.
- The precious metal is facing pressure from a shifting inflation backdrop and rising yields, despite broader market firmness.
- Current price action indicates that macro-economic forces, rather than silver-specific news, are driving the current decline.