{
  "id": 12073207,
  "title": "Silver Price Forecast: XAG/USD gains near $61.00 as Fed rate hike odds decline",
  "url": "https://urgent.news/2026/10/05/silver-price-forecast-xag-usd-gains-near-61-00-as-fed-rate-hike-odds",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T03:14:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-gains-near-6100-as-fed-rate-hike-odds-decline-202610050314"
  },
  "original_language": "en",
  "account": "Silver (XAG/USD) experienced a rise in price after declining the previous day, hitting around $61.00 per troy ounce during Asian trading hours on Friday. This upward movement was attributed to the release of weaker-than-expected US employment figures, which dampened expectations of further interest rate hikes by the Federal Reserve (Fed). Consequently, the market now anticipates a 77.9% probability of the Fed maintaining steady benchmark interest rates during their upcoming October meeting, up from 74% prior to the labor report. This change in sentiment was driven by the belief that a slowing job market would prompt policymakers to keep rates steady. The shift in expectations followed disappointing US labor market performance, with Nonfarm Payrolls expanding by only 29,000 positions in September, far below the estimated 90,000 additions and a significant drop from August’s revised figure of 133,000. Additionally, the US unemployment rate increased slightly to 4.2%, while the labor force participation rate rose to 61.8%. Geopolitical tensions in the Middle East, particularly Saudi-backed forces in Yemen's offensive against Houthi forces and control of the Bab el-Mandeb strait, contributed to safe-haven demand for Silver. Analysts from TD Securities noted that recent yield increases were fueled by higher Fed pricing, growth expectations, and oil, but now anticipate that rates will ease as this pressure lessens. Silver is a valuable asset used as a store of value and medium of exchange, often sought by investors as a diversification tool or hedge during inflationary periods. It can be purchased in various forms, including physical Silver coins or bars, or through Exchange Traded Funds that track its international market price. Silver prices are influenced by a multitude of factors, including geopolitical instability, recession fears, and the US Dollar's performance, as it is priced in USD (XAG/USD). A stronger Dollar typically keeps Silver prices stable, while a weaker Dollar can boost Silver prices. Other influential factors include investment demand, mining supply, and recycling rates. Silver's industrial applications, particularly in electronics and solar energy, also impact its price. Silver prices typically align with Gold's movements, as both are considered safe-haven assets. The Gold/Silver ratio, which indicates the number of ounces of Silver required to match the value of one ounce of Gold, may signal the relative valuation of the two metals. When Gold prices rise, Silver prices usually follow, and vice versa. Akhtar Faruqui is a Forex Analyst based in New Delhi, India, who provides accurate and insightful Forex news and analysis.",
  "summary": "Silver price (XAG/USD) gains ground after registering losses in the previous day, trading around $61.00 per troy ounce during Asian hours on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "AUD/USD Price Forecast: Fresh downside likely below 0.6900",
        "url": "https://urgent.news/2026/10/05/aud-usd-price-forecast-fresh-downside-likely-below-0-6900",
        "published": "2026-10-05T03:24:39.000Z"
      }
    ]
  },
  "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."
}