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Silver Rally Peaking? Watch Bond Yields For Clues

Published 09/08/2019, 12:14 AM
Updated 07/09/2023, 06:31 AM
XAG/USD
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Silver Futures

The rally in Silver prices has been fast and furious, producing a steep up-trend in the iShares Silver ETF (NYSE:SLV) and Silver Futures charts.

A similar rally can be seen in Treasury bond yields, specifically the 10-Year Treasury Bond Yield

In fact, Treasury bond yields and silver futures peaked together back in 2016 and bottomed together in 2018. Looking at the chart, could Silver and Yields be peaking again at the same time?

Note that both silver and the 10-year bond yield are nearing the same levels they both peaked at in 2016. Keep a close eye on this combo, as a key reversal point could be in play for each.

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