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.
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.
