Silver Price Forecast: XAG/USD rises to near $76.00 on easing rate hike bets
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Silver price (XAG/USD) extends its winning streak, trading around $76.00 per troy ounce during the Asian hours on Friday. The non-interest-bearing Silver found support as the United States (US)–Iran ceasefire triggered a sharp drop in oil prices, easing concerns over renewed inflation and further rate hikes by the central banks. The dollar-denominated metal also benefited from a subdued US Dollar (USD) earlier this week, making it cheaper for foreign buyers. However, gains may be limited as the Greenback steadied amid renewed risk aversion driven by ongoing uncertainty surrounding the US–Iran ceasefire longevity. Market sentiment stays cautious as Israel continues strikes on Hezbollah, despite Benjamin Netanyahu stating that Israel will soon begin direct negotiations with Lebanon. Meanwhile, US President Donald Trump said US forces will remain deployed around Iran until full compliance with the agreement is achieved. Traders turned their attention to expected diplomatic talks in Islamabad this weekend, where US Vice President JD Vance may lead the American delegation in meetings with Iranian officials. However, uncertainty persists, with no official confirmation of delegates’ arrival on Friday. The Federal Reserve March Meeting Minutes indicate policymakers are maintaining a wait-and-see approach, while acknowledging that inflation risks linked to higher oil prices are becoming more balanced. Traders are awaiting the US Consumer Price Index (CPI) report due later in the North American session, a key catalyst for near-term Federal Reserve (Fed) policy direction. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as…
Filed under: News - @ April 10, 2026 6:28 am