Silver Jumps 3% on Fed Warsh’s Stance

2026-07-01 14:15 By Joana Ferreira 1 min. read

Silver climbed 3% to $60 per ounce on Wednesday, rebounding from a seven-month low as investors weighed remarks from new Federal Reserve Chair Kevin Warsh while renewed US-Iran tensions fueled concerns over stability in the Middle East.

Speaking at the ECB’s annual forum in Sintra, Portugal, Warsh said inflation risks and expectations had moderated in recent weeks but reaffirmed the Federal Reserve’s commitment to bringing inflation back to its 2% target.

He also confirmed the Fed’s decision to move away from traditional forward guidance on interest rates, signaling a shift in the central bank’s communication strategy.

Despite the change in communication, investors continued to price in further US interest-rate hikes this year as policymakers seek to contain inflation against the backdrop of a resilient labor market.

Meanwhile, markets closely followed developments in US-Iran peace talks in Qatar, although direct negotiations between the two countries remained unlikely.



News Stream
Silver Jumps 3% on Fed Warsh’s Stance
Silver climbed 3% to $60 per ounce on Wednesday, rebounding from a seven-month low as investors weighed remarks from new Federal Reserve Chair Kevin Warsh while renewed US-Iran tensions fueled concerns over stability in the Middle East. Speaking at the ECB’s annual forum in Sintra, Portugal, Warsh said inflation risks and expectations had moderated in recent weeks but reaffirmed the Federal Reserve’s commitment to bringing inflation back to its 2% target. He also confirmed the Fed’s decision to move away from traditional forward guidance on interest rates, signaling a shift in the central bank’s communication strategy. Despite the change in communication, investors continued to price in further US interest-rate hikes this year as policymakers seek to contain inflation against the backdrop of a resilient labor market. Meanwhile, markets closely followed developments in US-Iran peace talks in Qatar, although direct negotiations between the two countries remained unlikely.
2026-07-01
Silver Falls Toward 7-Month Low
Silver fell below $58 an ounce on Wednesday, sliding toward its lowest level in seven months as strong US economic data underscored the economy’s resilience and reinforced expectations that the Federal Reserve will raise interest rates this year. The latest JOLTS report showed job openings climbed to a two-year high, while analysts expect another solid increase in June non-farm payrolls. Meanwhile, recent core inflation readings remained well above the Fed’s 2% target. Markets are now pricing in at least one Fed rate hike this year, with the first potentially coming as early as September. Investors also awaited updates from the ongoing US-Iran peace talks in Qatar amid hopes for a lasting ceasefire agreement, although the two sides were not expected to hold direct talks.
2026-07-01
Silver Rebounds from 7-Month Low
Silver prices rose toward $60 per ounce, halting the plunge that bottomed at a seven-month low of $57 on June 24th, and outperforming gold in the last sessions as the outlook of strong industrial demand weighed against pressure from a restrictive Fed. Equities for chip producers and datacenter developers rallied for a second session to reflect long bets on the construction of compute capacity. The activity boosted the outlook of silver demand due to its use usage in AI infrastructure for its conductive nature. Still, the hawkish outlook for the Fed maintained pressure in assets that do not bear coupons. Strong labor market data and surveys pointing to higher inflation drove a large portion of the FOMC to project more restrictive rates this year. On top of that, fixed-income supply risked a decline as Fed Chairman Warsh campaigned for a lower Fed balance sheet, reversing the debasement trade from late 2025.
2026-06-30