Silver trades near $60–61 per ounce after a sharp weekly decline exceeding 6%, pressured by 10-year Treasury yields near 5.3%—their highest levels in over two decades—and a firmer US dollar. The September nonfarm payrolls miss (29,000 jobs added versus expectations near 90,000) lowered near-term Fed hike odds but failed to ease yield-related headwinds for the non-yielding metal. Technical resistance sits at the 50- and 100-day moving averages around $64, while support clusters near $60 and the year-to-date low of $54.77. Persistent structural deficits, driven by industrial demand in solar and electronics, continue to underpin prices despite the short-term macro squeeze. Key near-term catalysts include upcoming US economic releases and the late-October FOMC meeting, which could shift rate expectations and dollar flows.