{
  "id": 14404815,
  "title": "Silver Price Forecast: XAG/USD declines to near $58.70 in countdown to US inflation data",
  "url": "https://urgent.news/2026/10/14/silver-price-forecast-xag-usd-declines-to-near-58-70-in-countdown-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T06:55:06.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-declines-to-near-5870-in-countdown-to-us-inflation-data-202610140655"
  },
  "original_language": "en",
  "account": "Silver price (XAG/USD) has dropped to around $58.70 during the European trading session on Wednesday. Analysts at Commerzbank attribute this decline to the rise in oil prices, which have increased due to ongoing Middle Eastern tensions and new attacks by Houthi forces on Saudi infrastructure. Higher oil prices raise concerns about global inflation and could lead central banks to adopt hawkish interest rate decisions, making non-yielding assets like Silver less attractive. The US Consumer Price Index (CPI) data for September is expected to have a significant impact on Federal Reserve interest rate expectations. Analysts at Danske Bank anticipate a slight increase in September's CPI, with headline inflation at 0.5% month-over-month and core inflation at 2.5% year-over-year. The current bearish bias for XAG/USD is supported by the daily chart, which shows the metal trading below its 20-day exponential moving average and the Relative Strength Index (14) at 37.49, indicating lingering downside pressure. The first level to watch for a potential recovery is the 20-day EMA at $61.45. Silver, a precious metal historically used as a store of value and medium of exchange, may attract investors looking for diversification or a hedge during high-inflation periods.",
  "summary": "Silver price (XAG/USD) is down 0.65% to near $58.70 during the European trading session on Wednesday. The white metal is under pressure as oil prices have increased recently amid ongoing tensions in the Middle East.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/CAD Price Forecast: Hovers around 1.4200 after breaking below nine-day EMA",
        "url": "https://urgent.news/2026/10/14/usd-cad-price-forecast-hovers-around-1-4200-after-breaking-below-nine",
        "published": "2026-10-14T06:04:54.000Z"
      }
    ]
  },
  "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."
}