Spot silver prices (XAG/USD) is trading higher on the day but continues to remain within a defined range, even as the bond markets continue to act as the principal driver of silver price action. $30.00, these peaks having been hit at the height of retail investor speculation into precious metals markets. Last week, the real yields on the US 10-year TIPS pushed higher, setting off USD strength in the first two trading days of the week. This led to a migration of capital away from non-yielding metals and into the rising bond yields. However, the FOMC Chairman Jerome Powell is expected to testify at Congress this week. ... (full story)