Silver Price Forecast: Fed hawks knock XAG/USD toward $64 support

Near-term bias: bearish for XAG/USD, but conditional. The article reports silver down more than 3.67% on the day, with Fed officials’ hawkish comments strengthening expectations of further tightening. Higher expected rates can support the dollar and raise the opportunity cost of holding non-yielding silver, creating pressure on XAG/USD.

The $64 area is a key near-term test: a sustained break could deepen downside momentum, while a hold may allow consolidation. FXStreet identifies $63.45 and $62.30 as subsequent supports; a recovery above $66.20–$67.00 would weaken the immediate bearish case. These are technical reference points, not guarantees.

The move may prove short-lived if hawkish guidance is already priced in, yields or the dollar ease, or industrial-demand concerns support silver. Traders should monitor Fed commentary, US rate expectations and the dollar, alongside whether XAG/USD holds $64 and how gold performs. The article alone does not establish whether the selloff will extend.