Silver price at the close of the session on August 30th: Decline as market adjusts interest rate expectations - Laodong.vn

AI desk brief

Silver sold off sharply into the close as markets repriced Fed policy after a hawkish Jackson Hole message, with the article citing spot prices around $66.25/oz and intraday losses of more than 4% to roughly $66.21/oz. The move came alongside stronger U.S. yields and a firmer dollar, with the piece framing silver as particularly vulnerable because it is a non-yielding asset.

Technically, the article says silver failed to hold the $70/oz area and has already broken through successive support zones at $69.96, $69.50 and $67.69/oz. Near term, $66/oz is flagged as the key line in the sand; a break below opens downside toward $65.66/oz and potentially $64.20/oz, while recovery would first require a rebound back above $67.69/oz and then the $69.50-$69.96/oz band.

Near-term direction is being driven by the dollar, Treasury yields and Fed expectations rather than physical demand. The article argues the medium-term uptrend is not necessarily broken, but the setup is cautious as long as rates stay elevated; a cooling in yields or renewed easing expectations would be needed to stabilize silver and revive safe-haven demand.