The continuous strength of Treasury yields and the dollar, coupled with the Federal Reserve’s inclination to keep interest rates elevated, has put added pressure on silver. Additionally, there is a 40% chance that the Federal Reserve will need to raise rates “meaningfully” to beat inflation, Minneapolis Fed Bank President Neel Kashkari said on Tuesday. The presence of multiple resistance levels above the current price, combined with weakening momentum and proximity to critical support, suggests a cautious approach for traders and investors navigating thesilver marketin the near term.