Silver Price Forecast: Hawkish Fed Puts $60 Support in Focus
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Key Points:
- Silver remains under pressure as a hawkish Fed, rising Treasury yields, and a stronger U.S. dollar limit short-term upside.
- Weak freight and trucking data signal caution in the real economy, which may cap silver through the industrial demand channel.
- Silver is holding the $50 to $60 support zone, but a break above $72 is needed to confirm the next bullish move.
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Silver (XAG) prices remain under pressure as the market reacts to a hawkish Fed, rising Treasury yields and a stronger U.S. dollar. The easing of Middle East tensions has reduced some safe-haven demand while weak freight and trucking data continue to signal caution in the real economy. But the spot silver price is holding the long term support zone of $50-$60. This article presents the macro backdrop, freight and trucking signals, and US Treasury yield and US dollar movements after the Fed decision to understand the next move in silver prices.