Metals are under pressure Friday, with silver falling more than 5%, the most in six months, after a record-breaking run in recent weeks. The pullback follows a rebound in Treasury yields, supported by easing concerns over regional banks and their lending activity -- a shift that's dampening haven demand, as my colleague Tatiana Darie noted earlier.
Some of the weakness may also reflect profit taking after an exceptional year for the precious metals complex. Silver has surged 77% year-to-date, while gold is up 60%, leaving traders with ample incentive to lock in gains amid a barrage of headlines.(alg)
Source: Bloomberg
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