{
  "id": 6379568,
  "title": "Silver Price Forecast: XAG/USD rises to near $66.40 as US Dollar declines, US CPI in focus",
  "url": "https://urgent.news/2026/09/09/silver-price-forecast-xag-usd-rises-to-near-66-40-as-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T03:18:44.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-rises-to-near-6640-as-us-dollar-declines-us-cpi-in-focus-202609090318"
  },
  "original_language": "en",
  "account": "During the Asian trading session on Wednesday, silver (XAG/USD) rose almost 1% to near $66.40. The white metal benefited as the US Dollar faced pressure even though the Federal Reserve (Fed) may raise interest rates at their upcoming policy meeting. The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, slipped slightly to around 98.76, nearing its two-week low of 98.72. A weaker US Dollar makes silver a more attractive investment for risk-tolerant investors. A CME FedWatch tool survey indicates a 60% chance that the Fed will increase interest rates during the September meeting. Investors are eagerly anticipating August’s US Consumer Price Index (CPI) data, which will provide insights into the Fed’s future monetary policy decisions. According to TD Securities, core inflation likely decelerated in August, with core CPI growing 2.3% year-over-year, down 10 basis points from July. Headline inflation is projected to remain unchanged at 3.4% year-over-year. However, economists advise that they are cautious about their forecasts, as they assume significant price drops in tariff-exposed goods categories. In the daily chart, XAG/USD trades around $66.42, close to the 20-period Exponential Moving Average ($65.79), indicating a sideways trend. The 14-period Relative Strength Index (RSI) at 53.68, suggests modest bullish momentum without being overbought. The first support levels are at the August 19 low ($62.19) and the psychological level of $60.00. The June high of $71.56 acts as a strong barrier for silver bulls. Silver is a precious metal that investors often turn to for diversification and as a hedge during high-inflation periods due to its intrinsic value. It can be bought in physical form or through Exchange Traded Funds that track its price on international markets. Silver's price movements are influenced by various factors, including geopolitical events, economic conditions, investment demand, mining supply, and recycling rates. It is also sensitive to changes in the US Dollar, as it is priced in dollars.",
  "summary": "Silver price (XAG/USD) is up almost 1% to near $66.40 during the Asian trading session on Wednesday. The white metal strengthens as the US Dollar remains under pressure despite expectations that the Federal Reserve (Fed) could raise interest rates at the policy meeting next week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "EUR/USD Price Forecast: Bullish bias remains above 1.1600 ahead of ECB and US inflation",
        "url": "https://urgent.news/2026/09/09/eur-usd-price-forecast-bullish-bias-remains-above-1-1600-ahead-of-ecb",
        "published": "2026-09-09T04:01:01.000Z"
      }
    ]
  },
  "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."
}