{
  "id": 12585436,
  "title": "Silver Price Forecast: XAG/USD ticks lower to near $60.60 as US bond yields bounce back",
  "url": "https://urgent.news/2026/10/07/silver-price-forecast-xag-usd-ticks-lower-to-near-60-60-as-us-bond",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T07:58:08.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-ticks-lower-to-near-6060-as-us-bond-yields-bounce-back-202610070758"
  },
  "original_language": "en",
  "account": "On Wednesday, during the European trading session, the price of silver (XAG/USD) dipped slightly to near $60.60. The decline is attributed to a resurgence in US bond yields following a brief correction the previous day. Currently, the yield on 10-year US Treasury notes has risen by 0.4% to 5.31%, nearing its 20-year peak of 5.35% set last week. Higher yields on US-backed securities have made non-yielding assets, such as silver, less attractive. The US Dollar Index (DXY), which measures the strength of the US Dollar against six major currencies, has also increased by 0.33% to around 102.18. From a technical perspective, a stronger US Dollar renders silver as an unfavorable risk-reward proposition for investors. Recently, the rebound in oil prices has contributed to the rise in US Treasury yields. The West Texas Intermediate (WTI) Oil price has displayed signs of reversing its monthly low of $86.32, observed on Tuesday. Oil prices tend to surge due to concerns about a storm developing in the Gulf of Mexico, which could be the first Atlantic hurricane of 2026. If it hits oil and gas producing facilities, it would cause significant disruption. Analysts at Danske Bank have warned that US bond yields are experiencing a longer-term uptrend, driven not only by the supply of Treasuries but also by hyperscalers. The bank cautions that \"we do see the risk of 10Y and 30Y Treasuries hitting 6% as investors demand a higher premium for the long end,\" indicating the likelihood of further increases in term premia to accommodate upcoming issuances. Currently, XAG/USD is trading at $60.60 and shows a bearish near-term outlook, as it trades below the 20-day exponential moving average (EMA) of $62.71. The Relative Strength Index (RSI) near 40 suggests subdued bullish momentum, leaving silver vulnerable to further declines while remaining below the nearby EMA resistance. On the upside, the immediate resistance level is the 20-day EMA at $62.71, and a sustained break above this level may help alleviate the current bearish pressure, potentially leading to a more favorable recovery. Conversely, the October 2 low around $59.70 serves as the key support zone.",
  "summary": "Silver price (XAG/USD) is slightly down to near $60.60 during the European trading session on Wednesday. The white metal faces marginal selling pressure as United States (US) Treasury Yields regain ground after a corrective move the previous day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "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",
        "published": "2026-10-07T04:04:55.000Z"
      }
    ]
  },
  "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."
}