{
  "id": 17900755,
  "title": "Silver Price Forecast: XAG/USD slips below $50.50 as US attacks on Iran’s Qeshm Island",
  "url": "https://urgent.news/2026/11/03/silver-price-forecast-xag-usd-slips-below-50-50-as-us-attacks-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T02:22:23.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-slips-below-5050-as-us-attacks-on-irans-qeshm-island-202611030222"
  },
  "original_language": "en",
  "account": "Silver prices slipped below $50.50 per troy ounce as US attacks on Iran's Qeshm Island triggered oil supply fears. The precious metal had been trading near an 11-month low of $48.87 per ounce, a level reached on October 30. The US military actions, part of a covert sequence of limited strikes, followed remarks by US President Donald Trump who downplayed expectations of a full-scale return to war with Iran after the midterm elections. Meanwhile, Iranian state media reported that Iran's Islamic Revolutionary Guard Corps had intercepted and downed two US MQM-170 drones and destroyed a 55th US MQ-9 drone. Precious metals, including Silver, faced selling pressure due to ongoing Middle East tensions driving up energy costs and inflationary risks. Central banks maintained a hawkish stance with the CME FedWatch Tool pricing in a 73% chance of a US Federal Reserve rate hike in December. The US midterm elections saw growing political scrutiny over elevated energy prices and inflation concerns. Silver is a precious metal used as a store of value and hedge during inflation, with its price influenced by factors such as geopolitical stability, interest rates, and global economic dynamics.",
  "summary": "Silver price (XAG/USD) depreciates after registering modest gains in the previous day, trading around $50.30 per troy ounce during Asian hours on Tuesday.",
  "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."
}