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Silver holds near $55 as dollar bounce and yields weigh on XAG/USD
XAG/USD was about $55.75, down 3.5% on the day, after a softer inflation read supported the dollar and stabilized Treasury yields.
Silver prices extended their slide on Thursday, with XAG/USD trading around $55.75, down 3.5% for the day, as the US dollar rebounded and Treasury yields stabilized after a two-day drop tied to softer-than-expected US inflation data, according to FXStreet.
FXStreet said the move still reflects a broader bearish setup for the non-yielding metal, and noted that geopolitical tensions in the Middle East are lifting oil prices, a combination that could keep Federal Reserve rate hike expectations alive later this year.
The piece also highlighted that XAG/USD returned to December 2025 lows that had been tested in June and remains more than 50% below its January record high of $121.
On the technical side, XAG/USD was described as trading below the 50-day, 100-day and 200-day simple moving averages, with the daily RSI near 34, while $55 was flagged as immediate support and resistance around $60 and $62.5.
Latest closeSilver $59.77 ▲3.7%