{
  "id": 3417187,
  "title": "Silver Price Forecast: XAG/USD holds firmly above $69 ahead of US PCE Inflation data",
  "url": "https://urgent.news/2026/08/26/silver-price-forecast-xag-usd-holds-firmly-above-69-ahead-of-us-pce",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T03:19:54.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-holds-firmly-above-69-ahead-of-us-pce-inflation-data-202608260319"
  },
  "original_language": "en",
  "account": "Silver price (XAG/USD) remains firmly above $69 on Wednesday, following a 1% increase in the Asian trading session. The rise is attributed to falling oil prices and hopes that the Strait of Hormuz will reopen soon after Iran and Oman resumed talks to establish a \"temporary joint maritime corridor.\" This eases concerns of energy supply disruption, which could increase global inflation expectations and lower interest rate hike expectations for central banks. Investors are now looking ahead to the US Personal Consumption Expenditure Price Index (PCE) data for July, which will be released at 12:30 GMT. The US core PCE inflation is expected to remain steady at 3.3% year-over-year, with monthly figures rising at a 0.2% pace. The Jackson Hole Symposium, which begins Thursday, is expected to be the main macro event for global markets. The Fed Chair Kevin Warsh is anticipated to provide a firmer and more explicit commitment towards the inflation mandate. Technical analysis indicates a bullish near-term trend for XAG/USD, trading at $69.17 and holding above the 20-day Exponential Moving Average at $65.12. The Relative Strength Index (14) sits at 64.65, indicating steady upward momentum. If the price pulls back, the 20-day EMA at $65.12 may act as the initial support. The Gold/Silver ratio may also influence the valuation of Silver relative to other precious metals.",
  "summary": "Silver price (XAG/USD) is up almost 1% to near $69.40 during the Asian trading session on Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/CAD Price Forecast: Bearish indicators keep the path tilted lower",
        "url": "https://urgent.news/2026/08/25/usd-cad-price-forecast-bearish-indicators-keep-the-path-tilted-lower",
        "published": "2026-08-25T17:56:36.000Z"
      }
    ]
  },
  "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."
}