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Silver price falls as Fed hawkish outlook drives US yields higher

Silver (XAG/USD) extends its decline on Thursday, falling 1.23% to trade around $63.65 at the time of writing.

Silver (XAG/USD) extends its decline on Thursday, falling 1.23% to trade around $63.65 at the time of writing.

The precious metal comes under heavy selling pressure as increasingly hawkish expectations surrounding the Federal Reserve (Fed) push United States (US) Treasury yields sharply higher.

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