{
  "id": 12851708,
  "title": "Silver Price Forecast: XAG/USD slides to fresh two-month low below $59 as US yields eye more gains",
  "url": "https://urgent.news/2026/10/08/silver-price-forecast-xag-usd-slides-to-fresh-two-month-low-below-59",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T10:47:00.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-slides-to-fresh-two-month-low-below-59-as-us-yields-eye-more-gains-202610081047"
  },
  "original_language": "en",
  "account": "Silver price (XAG/USD) dropped to a fresh two-month low below $59 on Thursday during European trading, as US bond yields continued their upward trend fueled by optimism over improving oil prices. Analysts noted that higher yields on US-backed securities made non-yielding assets like Silver less attractive. The US 10-year Treasury yields increased by 1.3% to near 5.35%, nearing their two-decade high. Geopolitical tensions, particularly regarding potential strikes against Iran, also contributed to renewed risk in oil markets, providing a short-term boost to Silver prices. With the Federal Open Market Committee (FOMC) minutes confirming a likely interest rate hike by the Federal Reserve this year, Silver's bearish stance is expected to persist. Technical analysis shows that the metal has been trading beneath the 20-day Exponential Moving Average ($62.29) and faces resistance at this key trend indicator, while support can be found at the August low of $56.57.",
  "summary": "Silver price (XAG/USD) posts a fresh two-month low at around $58.50 during the European trading session on Thursday. The white metal faces intense selling pressure as United States (US) bond yields eye more upside on the back of recovery signs in oil prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver price today: Silver falls, according to FXStreet data",
        "url": "https://urgent.news/2026/10/08/silver-price-today-silver-falls-according-to-fxstreet-data",
        "published": "2026-10-08T09:30:29.000Z"
      }
    ]
  },
  "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."
}