Commodity markets: Precious metals under selling pressure, natural gas prices surge. - Vietnam.vn

AI desk brief

Silver and platinum were pressured by a stronger U.S. dollar and higher Treasury yields, with COMEX December 2026 silver closing at $64.8/oz, down 3.5% on the week, and spot platinum off about 1.7%. Silver broke below $66 and $65/oz during the week after failing to hold the $67.5-$68/oz area, while the 10-year Treasury yield rose to 5.2% and the 30-year touched 5.45%, the highest since 2007/2004 respectively, lifting the opportunity cost of holding non-yielding metals.