Silver Price Forecast: Daily range holds, but 4-hour chart turns bearish

XAG/USD: short-term bias is bearish, but the broader setup remains range-bound. The reported hawkish Fed outlook and stronger US dollar are a direct headwind for silver, which pays no yield and is priced in dollars. The 4-hour chart’s weakening momentum raises the risk of further near-term pressure, especially if silver loses support around $65 and then the $63 area.

A sustained break below $63 would matter more than the current intraday weakness: it could signal a range breakdown and expose $60. But the daily chart still shows price within its range, with subdued trend strength, so this is not yet clear evidence of a durable downtrend. A recovery above $65.35–$66 would weaken the bearish short-term case; the broader range ceiling is near $70.

What to watch:

the dollar and US rate expectations for confirmation of the macro pressure, and whether silver holds $63 or reclaims the nearby moving averages. If the dollar eases or rate expectations turn less restrictive, a technical rebound remains plausible; if dollar strength persists and support breaks, downside risk increases.