Silver

Key insight

60.78 now testing the $60 round-number floor; gold down 3.8% simultaneously signals macro liquidation, not silver-specific selling. Hold of $59.50 (Jun swing low) is the line in the sand.

Crashed from $64.66 open to $60.78 intraday — 7-week low — as hawkish Fed tone, 2007-high Treasury yields, and $104 oil crush precious metals across the board.

Main risk

Fed hawkishness + 2007-high Treasury yields

10-yr yields at 16-yr highs crush non-yielding metals; any further hawkish Fed signal accelerates the $60 break toward $55.