Silver Price Forecast: XAG/USD slides below $73.00 as Fed cuts bets fade on oil surge
Silver (XAGUSD) holds $74.63 as dollar weakens despite 3.3% CPI. A move higher could test the 50-day MA near $79 if momentum builds.
Following the appointment of Kevin Warsh as head of the Federal Reserve, a massive wave of profit-taking triggered an unavoidable crash. They managed to retain a large part of their 2025 appreciation but haven't found stable ground despite the evident appeal of safe havens.
Commodities Market update: The traditional safe-haven status of metals is put to the test as Gold, Silver, and Copper trace confusing price action through the Greenland Crisis and US-Iran conflict. With precious metals rebounding on ceasefire rumors rather than escalating fears, historic market correlations are breaking down.
The powerful uptrends in metals and mining stocks are likely taking a breather as we approach the midpoint of this major bull market.
The silver market continues to see a lot of choppy behavior, as traders are watching interest rates very closely, as well as the peace talks in Pakistan this weekend between the USA and Iran.
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD wobbles around $75 in countdown to US-Iran talks
Silver market holds near highs as CPI looms. Traders watch Fed rate cut expectations, with silver rally depending on inflation data and geopolitical backdrop.
Silver Price Forecast: XAG/USD rises to near $76.00 on easing rate hike bets
Silver Price Forecast: XAG/USD consolidates below mid-$75.00s; 200-EMA on H4 holds the key
The silver market has been noisy in the early hours of trading on Thursday, as we find ourselves down 1.5% by the time the Americans are waking up.