
Silver Price Forecast Buckles Under Fed Risk Below $61
Silver slipped below $61 as Fed uncertainty, firmer yields and a supported dollar overwhelmed industrial demand hopes.
Jul 7, 20266 min read0 reactions0 comments
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Silver slipped below $61 as Fed uncertainty, firmer yields and a supported dollar overwhelmed industrial demand hopes.

Silver's break below $61 flips the rally into a test, with XAG/USD caught between fading Fed fear and rising US-Iran risk.

Silver is testing $60 after a 2.5% bounce, but the chart still favors sellers unless XAG/USD can break key resistance.

Silver’s rise near $59.65 looks like a Dollar trade before NFP, with Fed rate bets ready to jolt metals.

Silver is stuck near $57 after a 12% plunge as Fed hike bets and PCE inflation turn XAG/USD into a rates trade.