Bearish
Silver (XAG/USD) remains under pressure, trading below $65 amid strong dollar
Over the past 24 hours, silver has continued its downward trend, trading below the $65 mark. This decline is primarily driven by a robust US dollar, which has reached a two-month high, and a hawkish Federal Reserve stance that suggests prolonged higher interest rates. These factors have dampened investor appetite for non-yielding assets like silver.
Key points
- Silver price declines as US dollar strengthens to two-month high.
- Federal Reserve's hawkish outlook pressures silver prices below $65.
- Silver remains within mid-August trading range despite recent sell-off.
Sources
AI-generated from public news sources. Not financial advice.
