Silver bounces ahead of CPI as buyers defend the 50-day moving average, while high yields, $100 oil and Fed rate-hike risk threaten the rebound.
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD bounces off 38.2% Fibo. near $63.00; bearish bias remains
Gold and silver face pressure ahead of US CPI as Fed rate hike bets rise, with $4,270 gold support and $62 silver support in focus.
TL;DR: Gold and Silver are both falling as oil-driven yields lift Fed hike expectations, but Silver is losing twice—once through the same rate pressure hitting Gold, and again through its industrial-demand exposure—a divergence the Gold/Silver ratio has just confirmed with a decisive breakout.
The short‑term Elliott Wave outlook in Silver (XAGUSD)f rom the July 17, 2026 low indicates that the cycle is unfolding as a five‑wave impulse. Within this sequence, wave ((1)) concluded at $71.23.
Silver Price Forecast: XAG/USD slips below $63.50 amid rising Fed rate hike odds
Elliott Wave outlook: Silver eyeing zigzag correction [Video]
Silver Price Forecast: Head-and-shoulders break puts $60 back in play
Gold lost the $4,396 to $4,422 area this morning and trades near $4,400, about $60 below Wednesday's close.