{
  "id": 834693,
  "title": "Silver Price Forecast: XAG/USD extends correction as energy supply concerns remain intact",
  "url": "https://urgent.news/2026/08/14/silver-price-forecast-xag-usd-extends-correction-as-energy-supply",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T03:20:44.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-extends-correction-as-energy-supply-concerns-remain-intact-202608140320"
  },
  "original_language": "en",
  "account": "Silver prices (XAG/USD) declined by 1% on Friday, trading near $63.80, after market worries over energy supply disruptions persisted. The Strait of Hormuz and Bab al-Mandab Strait account for nearly 27% of global energy supply, and low traffic through these areas has kept oil prices high and fueled inflation concerns, potentially leading to interest rate hikes by central banks. These factors adversely affect non-yielding assets like Silver. The WTI oil price remains stable at around $80.45, with supply concerns expected to keep the downside limited for now. TD Securities notes easing near-term momentum in the oil rally but still believes there is upside potential in the medium term. The odds of the Fed holding policy rates steady in the September meeting have risen to nearly 65%, down from a previous 75% chance of two rate hikes. XAG/USD is currently priced at $63.78, above the 20-day Exponential Moving Average (EMA) at $61.78, indicating a bullish near-term outlook. The metal is trading above its short-term trend indicator, and the Relative Strength Index (RSI) at 56 remains in positive territory without being overbought, suggesting buyers still have control over the market. The 20-day EMA serves as initial support, while a deeper decline could expose a broader momentum floor around the RSI zone of 56. Investors can trade Silver through physical purchases or financial instruments such as Exchange Traded Funds, with price movements influenced by geopolitical tensions, economic indicators, interest rates, and the US Dollar's performance. Silver's industrial applications in sectors like electronics and solar energy, as well as its role as a hedge against inflation, also impact its price.",
  "summary": "Silver price (XAG/USD) is down 1% to near $63.80 during the Asian trading session on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "EUR/JPY Price Forecast: Holds ground near 184.00, 50-day EMA",
        "url": "https://urgent.news/2026/08/14/eur-jpy-price-forecast-holds-ground-near-184-00-50-day-ema",
        "published": "2026-08-14T04:06:30.000Z"
      }
    ]
  },
  "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."
}