Silver prices have retreated to around $61 per ounce amid elevated 10-year Treasury yields near 5% and a firmer U.S. dollar, following the Federal Reserve's 25 basis point rate hike to the 3.75%-4.00% range. These tighter financial conditions have weighed on the non-yielding metal despite persistent industrial demand from solar and electronics sectors and ongoing supply deficits. Recent trading shows a pullback from September highs near $67, with momentum sensitive to yield reversals and dollar corrections. Key near-term catalysts include upcoming nonfarm payrolls data, inflation releases, and further Fed communications that could shift rate expectations and Treasury yields.