{
  "id": 12565269,
  "title": "Silver Price Forecast: XAG/USD remains below $61.00 as oil prices surge",
  "url": "https://urgent.news/2026/10/07/silver-price-forecast-xag-usd-remains-below-61-00-as-oil-prices-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T04:04:55.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-remains-below-6100-as-oil-prices-surge-202610070404"
  },
  "original_language": "en",
  "account": "Silver prices (XAG/USD) slipped to below $61.00 on Wednesday as oil prices surged, driven by concerns over Middle East supply risks and expectations of Federal Reserve rate hikes. The precious metal experienced downside pressure due to the rebound in crude oil prices, with attacks on tankers in the Strait of Hormuz and potential storm disruptions in the Gulf of Mexico adding to regional tensions. Despite a modest easing in the probability of a Fed rate hike, US Treasury yields remained near multi-decade highs, supported by persistent inflation risks and fiscal deficits. Silver, historically used as a store of value and hedge during high-inflation periods, tends to rise with lower interest rates and a weaker US Dollar. Its price can also be influenced by investment demand, mining supply, and recycling rates, as well as industrial demand in sectors such as electronics and solar energy. Silver's price is closely tied to gold, with both metals often moving in the same direction as safe-haven assets. The Gold/Silver ratio can provide insight into the relative valuation of the two metals. In Wednesday's Asian session, other currencies such as AUD/USD and USD/JPY also faced pressure amid geopolitical uncertainties and tightening monetary policy.",
  "summary": "Silver price (XAG/USD) declined after opening at a bullish gap, remaining in positive territory and trading around $60.90 per troy ounce during Asian hours on Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "EUR/USD Price Forecast: More downside likely below 1.1160",
        "url": "https://urgent.news/2026/10/07/eur-usd-price-forecast-more-downside-likely-below-1-1160",
        "published": "2026-10-07T04:08:04.000Z"
      }
    ]
  },
  "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."
}