Gold and silver remain vulnerable ahead of US CPI as traders weigh Fed rate hike risks and watch key levels for signs of a recovery.
Silver Price Forecast: XAG/USD struggles near two-month lows ahead of US CPI
Silver traders continue to watch yields in the United States and beyond, and although they are drifting lower early on Tuesday, energy inflation and shocks remain a concern. Silver will be noisy until we get energy under control.
Silver Price Forecast: XAG/USD wobbles near $60.30, US CPI takes centre stage
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD remains capped below $61.00 as bulls seem hesitant
Silver Price Forecast: XAG/USD falls to near $60.00 amid higher oil prices, US Dollar
The big picture for Gold and Silver could not be more positive
Gold and Silver recover — While big buyers keep accumulating
Silver holds a critical Fibonacci support zone despite its bearish trend, while a weekly breakout above $62.04 could signal a reversal toward $64.11.
The pent up breakout hit with a fury last year as breakout at $50 led to a move that more than doubled over the next few months. Silver had a full head of steam into the 2026 open and in short order the metal was already testing above the $120/oz level.
Silver continues to see noisy back-and-forth trading. The Monday session continues to be a session that is watching interest rates closely.