Silver prices fell on Wednesday, as the US dollar steadied against most major currencies, while the US Treasury bonds returned to rise, which weighs down on commodities and stocks.
The yield of the US 10-year Treasury rose near the 1.5% mark today, , after rising to 1.6% on Friday for the first time in more than a year.
ADB data showed that the US private sector added 117,000 jobs during February, while expectations indicated that 203,000 jobs would be added.
The Institute for Supply Management revealed that the service sector in the US fell in February 55.3 points, missing forecasts of 58.7 points.
The dollar index rose against a basket of major currencies by 0.08% to 90.8 points as of 20:39 GMT, after hitting a high of 91.06 points and a low of 90.6 points.
Silver May futures fell 1.8% or 49 cents, and closed at $26.387 an ounce, with today’s high at $26.915, and the low at $25.875.