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via fxstreet.comMarkets

Silver Price Falls Below $60 as Bears Target $56

FROM THE WIRE · FXSTREET.COM

Silver price extends its losses, following Gold’s path, as the latest Fed Minutes showed that officials expect another rate increase towards the year-end. The XAG/USD trades at $59.69, down by over 1.67%.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSilver down 1.67% to $59.69 following gold, with Fed expected to raise rates further by year-end.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01XAG/USD trades at $59.69, down over 1.67% in the analyzed period.
  2. 02Pressure from Fed expectations of further rate increases toward year-end per Fed Minutes.
  3. 03Silver follows gold's path in a rising rate environment.
  4. 04Bears target support levels around $56.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
SilverCOMMODITY:SILVERCommodity60.29 USDMarket closedtoday -2.10%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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