Major US indices now trading all in positive territory. Silver getting hammered.

Major US stock indices have now erased all the declines. The gains are led by the Dow Industrial Average retreated up 0.56%. The NASDAQ index is now up 0.14%:

• Dow Industrial Average average up 213 points or 0.56% at 39096
• S&P index up 16.10 points or 0.30% at 5369.50
• NASDAQ index of 23.76 points or 0.14% at 17197

US yields remain higher with the 2-year up 13.7 basis points at 4.857%. The 10 year yield is up 14.5 basis points at 4.425%.

In other markets, crude is little changed. Gold and silver are reacting negatively to the rise in yields and rise in the USD.

• Crude oil is up $0.14 at $75.69.
• Gold is down $-61 or -2.56% at $2314.90
• Silver is down $-1.61 or – 5.18%. That’s the largest one-day decline since October 2023 when the price fell my 5.19%. You would have to go back to February 2021 if the price moves lower

The USD is the runaway strongest with gains of 1.29% vs the NZD and 1.08% vs the AUD as commodity prices sink.

This article was written by Greg Michalowski at www.forexlive.com.