Silver has rebounded to $63, but inflationary risks hold buyers back
Silver has had one of its strongest months in years, but this week's price action shows just how fragile precious metals rallies can be when bond markets get nervous. The metal surged nearly 10% last week after July's Non-Farm Payrolls badly missed expectations, printing a loss of 23,000 jobs, prompting markets to price out any chance of a September Fed hike and reviving safe-haven demand.
Silver price today: Silver falls, according to FXStreet data
Short term sell signals for Gold and Silver [Video]
Silver Price Forecasts: XAG/USD tests levels sub-$63.00 as bearish pressure mounts
The short‑term Elliott Wave view in Silver (XAGUSD) indicates that the metal is unfolding an impulsive structure from the July 17 low. From that level, wave ((i)) advanced to $60.93 before a corrective pullback in wave ((ii)) reached $56.54.
Gold remains constructive above $4,150, while silver must hold $60 as investors await the Fed minutes and watch the key breakout levels at $4,500 and $72.
Silver Price Forecast: XAG/USD extends decline to near $63 amid continued energy supply risks
TL;DR: The Hormuz crisis is shifting from an oil-and-bond story to a broader risk-off one, with equities weakening, Copper breaking lower, and Silver losing its rebound structure — a sign its industrial-demand exposure is becoming a liability rather than an advantage.
Silver continues to see a lot of noisy and choppy trading. This is a market that continues to watch headlines and the effects of those headlines on interest rates.
Silver retreats toward $65 ahead of Fed Minutes as energy tensions cloud outlook
Gold and Silver still bullish on weaker USD – Oil higher on Lebanon and Iran aggression [Video]