{
  "id": 12752236,
  "title": "Silver Price Forecast: XAG/USD cracks $60 as bears eye $56",
  "url": "https://urgent.news/2026/10/07/silver-price-forecast-xag-usd-cracks-60-as-bears-eye-56",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T20:11:09.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-cracks-60-as-bears-eye-56-202610072011"
  },
  "original_language": "en",
  "account": "Silver (XAG/USD) prices fell further on Wednesday, following a similar decline in gold, as the latest Federal Reserve (Fed) minutes indicated expectations of another rate hike. The XAG/USD pair now trades at $59.69, down more than 1.67%. The white metal is currently neutral to downward biased, trading below key moving averages of $64.22, $64.28, and $72.78. The market structure remains bearish, with lower highs and lower lows, while the Relative Strength Index points towards oversold territory. This suggests the potential for more downside. For a bearish continuation, XAG/USD must break below $59.00, followed by the August 3 low of $56.57, and eventually the year-to-date low of $54.77. A bullish reversal would require XAG/USD to surpass the October 2 peak of $62.09, after which the next target would be the confluence of the 50- and 100-day SMAs at $64.22-$64.28, followed by the $65.00 psychological level. Silver is a valuable commodity used in various industries for its conductivity and other properties. Its price is influenced by factors such as geopolitical events, interest rates, and investment demand, as well as its relationship with gold and the US Dollar.",
  "summary": "Silver (XAG/USD) price extends its losses on Wednesday, following Gold’s path, as the latest Federal Reserve (Fed) Minutes showed that officials expect another rate increase towards the year-end. The XAG/USD pair trades at $59.69, down by over 1.67%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}