Silver Crashes to $76.63 Low, Down 8% as Yields Spike to 4.53%

Silver (XAGUSD) plunged to an intraday low of $76.63 on May 15, marking an 8% daily drop and 14% decline from its $88.89 peak on May 13. The reversal accelerated after US 10-year Treasury yields surged to 4.53% and DXY hit 99.20, with hawkish Fed comments and rising rate-hike odds to 47% triggering heavy profit-taking. The week began with silver’s strongest daily gain since February on May 11, fueled by AI and solar industrial demand plus India’s import duty hike to 15%, initially shrugging off hot US CPI data before macro pressures overwhelmed the rally.