XAGUSD spikes higher The metal market continues to rally after silver (XAGUSD) pushed to another high. The precious metal has recouped losses from the recent pullback.
Gold and silver recover ahead of US CPI, but a strong dollar and December Fed rate hike risks could limit further gains.
XAG/USD Forecast: UBS Recovery View Faces Yield Pressure Silver price rebound faces pressure from speculative selling and higher US real yields, Goldman Sachs warns, as UBS forecasts further gains in 2027. Silver prices rebounded on Friday, but UBS's forecast of $80 an ounce by September 2027 still depends on a substantial recovery.
Silver bounced from $58.50 as gold, softer yields and a retreating dollar brought in buyers, but $60.835 remains the level that decides the next move.
Silver continues to fight interest rates as they continue to be sticky. Ultimately, this is a bond market story.
The silver market continues to be driven by the bond markets, specifically rates, and whether they are rising or falling. As they are simply drifting at the moment, this has given the market some relief.
It will be interesting to see what happens when / if, the Iranian side says that there are no talks being held or they will intensify the attacks.
Gold and Silver bounce after Trump rules out pre-election strikes
Gold and silver rebound as the US dollar weakens, but December Fed rate hike risks could limit further gains.
Silver Price Forecast: XAG/USD rises above $60.00 as inflation fears ease
Silver Price Forecast: XAG/USD slides below $60 as sellers retain control
Silver trades below its long-term midpoint as rising Treasury yields, a firm dollar and December Fed-hike odds keep sellers in control before the 30-year sale.