Silver (XAG/USD) edges lower during the New York session, down 0.80%, trading at $23.47 at the time of writing. The market sentiment is downbeat and has been like that since Monday when US President Joe Biden renominated Jerome Powell to the Fed for a second four-year period. That benefitted the greenback, with the US Dollar Index closing to the 97.00 figure, sitting at 96.89, up some 0.42%. Meanwhile, US bond yields are down, except for the short-term ones. The 2-year and the 5-year are rising three and one basis point each, sitting at 0.64% and 1.34%, respectively. The 10-year US Treasury yield is down one basis ... (full story)