{
  "id": 11365384,
  "title": "Silver price forecast: XAG/USD rises to near $61.40 as US yields retreat, NFP eyed",
  "url": "https://urgent.news/2026/10/02/silver-price-forecast-xag-usd-rises-to-near-61-40-as-us-yields",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T05:24:25.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-rises-to-near-6140-as-us-yields-retreat-nfp-eyed-202610020524"
  },
  "original_language": "en",
  "account": "Silver prices (XAG/USD) climbed to just under $61.40 during the late Asian trading session on Friday. The precious metal rose as United States Treasury yields paused their recent rally. 10-Year US Treasury Yields dropped to near 5.25%, a decline from their recent peak of 5.34% seen since May 2002. As US bond yields cooled, the appeal of non-yielding assets, such as Silver, increased. Despite this, the overall trend in US bond yields persists, with the Federal Reserve signaling further interest rate hikes, even after a 25 basis point increase to 3.75%-4.00% in September. Fed officials, including Logan, delivered a more hawkish message, with an FXS Speechtracker score of 9.2 out of 10, signaling a stronger tightening bias than the historical 8.1/10 average. The expectation of higher yields, possibly due to increased term premiums, raises questions about the need for additional rate hikes amid a persistent focus on achieving inflation stability at 2%. The Federal Reserve Sentiment Index rose by 1.68 points to 136.59, indicating a clear hawkish stance deeper than the neutral 100 threshold. This combination of market expectations for further Fed tightening and a strong Dollar could pose a headwind for risk-sensitive currencies like Silver. Meanwhile, traders are eagerly awaiting the US Nonfarm Payrolls (NFP) data for September, which is expected to report an increase of 90,000 jobs, maintaining the unemployment rate at 4.1%. On the daily chart, XAG/USD remains below its 20-day exponential moving average ($63.48), suggesting a bearish near-term trend. The Relative Strength Index (14) stands at 41.64, below the neutral 50 line, indicating ongoing downside pressure. The immediate resistance level is the August 19 low at $62.19, followed by the 20-day EMA at $63.48. If the price fails to break above $60.00, the psychological support level, Silver could potentially decline towards the August 3 low at $56.57. Factors such as geopolitical tensions, industrial demand, and the US, Chinese, and Indian economies can all impact Silver prices. Silver's relationship with Gold is also noteworthy, as a high Gold/Silver ratio may suggest that Silver is undervalued compared to Gold.",
  "summary": "Silver price (XAG/USD) is up 0.55% to near $61.38 during the late Asian trading session on Friday. The white metal edges up as rally in United States (US) Treasury Yields has hit a pause.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD slips below $60.50 amid rising inflation concerns",
        "url": "https://urgent.news/2026/10/02/silver-price-forecast-xag-usd-slips-below-60-50-amid-rising-inflation",
        "published": "2026-10-02T02:04:32.000Z"
      }
    ]
  },
  "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."
}