Gold and silver rebound after weak U.S. jobs data lowers Fed rate hike expectations, but upcoming Fed minutes and ISM services PMI may decide the next move.
The silver market continues to watch the crucial $60 level as a massive support level, and the market continues to watch the US dollar. Furthermore, the Friday session was a holiday session, so liquidity could be an issue.
Silver has rallied a touch in the early hours of Friday, as we are heading into a holiday, with the Americans not even working.
Silver climbs above $62 on fading Fed rate hike expectations
Silver price today: Silver rises, according to FXStreet data
Silver Price Forecast: XAG/USD rises above $62.00 within broader bearish setup
Silver (XAGUSD) continues to exhibit an incomplete sequence from the January 29, 2026 high, suggesting that further downside remains possible. In the short term, the cycle from the May 14, 2026 high is unfolding as a double three Elliott Wave structure.
Silver Price Forecast: XAG/USD rises above $62.50 as Fed rate cut bets ease
Silver Price Forecast: Weak NFP pushes XAG/USD to the top of its weekly range
Silver rallies on Thursday as the jobs number was weaker than anticipated, with traders thinking the Fed may not be able to raise rates as much as thought.
Silver Price Forecast: XAG/USD rises to near $59.60 as US Dollar slumps ahead of US NFP data
Only about 26% of the silver mined in 2025 came from primary silver mines, a new low, according to Metals Focus and the Silver Institute.