{
  "id": 10892039,
  "title": "Silver Price Forecast: XAG/USD trades flat around $61.50, US data awaited",
  "url": "https://urgent.news/2026/09/30/silver-price-forecast-xag-usd-trades-flat-around-61-50-us-data-awaited",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T08:00:20.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-trades-flat-around-6150-us-data-awaited-202609300800"
  },
  "original_language": "en",
  "account": "Silver price (XAG/USD) remains relatively stable around $61.45 during the European trading session on Wednesday. As investors eagerly await the US Personal Consumption Expenditure (PCE) Price Index data for August, set to be published at 12:30 GMT, they remain cautious about the inflationary pressures that may arise from both energy supply shocks and Artificial Intelligence (AI)-driven strong demand. The Federal Reserve (Fed) has been closely monitoring the core PCE inflation, which is currently at 3.3% Year-on-Year (YoY) and is expected to remain steady with a faster monthly growth of 0.3%. The Federal Reserve's interest rate expectations will likely be influenced by this inflation data, and there is a growing expectation that the Fed will extend its monetary-tightening cycle throughout the year. With most participants anticipating further rate hikes, TD Securities predicts that an October hike is more likely than previously thought. Higher interest rates by the Fed would benefit interest-bearing assets such as Treasury Yields but would be unfavorable for non-yielding assets like Silver. Just prior to the US PCE inflation data release, investors will also focus on the ADP Employment Change data for September, which is expected to show a hiring increase to 70K jobs, compared to the previous month's 38K. The Nonfarm Payrolls (NFP) data for September, released on Friday, will be another key factor in shaping Fed's interest rate expectations. Currently, XAG/USD is trading at $61.32 in the daily chart, maintaining a bearish near-term outlook as it is trading below the 20-period exponential moving average at $64.09. Immediate resistance can be found at $62.26, followed by the 20-day EMA near $64.09, where any potential recovery would likely face supply. A sustained break above this level could help alleviate the current downside bias. On the downside, the psychological level of $60 acts as a key support level.",
  "summary": "Silver price (XAG/USD) trades in a tight range at around $61.45 during the European trading session on Wednesday. The white metal consolidates as investors await the United States (US) Personal Consumption Expenditure (PCE) Price Index data for August, which will be published at 12:30 GMT.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "EUR/JPY Price Forecast: Slips below 178.00 as bearish bias strengthens",
        "url": "https://urgent.news/2026/09/30/eur-jpy-price-forecast-slips-below-178-00-as-bearish-bias-strengthens",
        "published": "2026-09-30T04:08:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}