Explained: Why silver prices have crashed 14% this week to hit a 7-month low (opens original article in a new tab)

Silver prices crashed 14% this week, reaching a 7-month low amid rising interest rate expectations and reduced safe-haven demand.

• Silver prices fell 14% this week, hitting a 7-month low of $56.35 per ounce
• Higher US interest rate expectations and rising bond yields pressured silver prices
• Geopolitical tensions eased, reducing safe-haven demand for precious metals
• Silver is now trading at less than half its all-time high of $121 an ounce