Silver Holds at Over Two-Month High as Markets Await Fed Signals

2026-08-24 12:32 By Joana Ferreira 1 min. read

Silver traded above $69 an ounce on Monday, hovering near its highest level since mid-June, as a subdued dollar supported demand for precious metals, while investors await US inflation data and comments from Federal Reserve Chair Kevin Warsh this week for further clues on the interest-rate outlook.

Silver gained more than 6% last week after a US Treasury buyback support plan pushed the dollar to multi-month lows.

Markets are focused on the July PCE price index due Wednesday and Warsh’s speech at the Jackson Hole Symposium on Friday.

Traders are currently pricing in roughly a 40% chance of a rate hike in September, compared with a 60% probability of rates remaining unchanged, according to CME FedWatch.

On the geopolitical front, the US threatened Iran with what it called “the greatest financial offensive ever marshalled,” as Washington prepares to impose economic sanctions targeting Iran’s trade partners.



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Silver Holds at Over Two-Month High as Markets Await Fed Signals
Silver traded above $69 an ounce on Monday, hovering near its highest level since mid-June, as a subdued dollar supported demand for precious metals, while investors await US inflation data and comments from Federal Reserve Chair Kevin Warsh this week for further clues on the interest-rate outlook. Silver gained more than 6% last week after a US Treasury buyback support plan pushed the dollar to multi-month lows. Markets are focused on the July PCE price index due Wednesday and Warsh’s speech at the Jackson Hole Symposium on Friday. Traders are currently pricing in roughly a 40% chance of a rate hike in September, compared with a 60% probability of rates remaining unchanged, according to CME FedWatch. On the geopolitical front, the US threatened Iran with what it called “the greatest financial offensive ever marshalled,” as Washington prepares to impose economic sanctions targeting Iran’s trade partners.
2026-08-24
Silver Trades at 2-Month High
Silver traded above $69 an ounce on Monday, hovering at a two-month high, as concerns over US debt management and fiscal sustainability persisted after the Treasury unexpectedly ramped up buybacks of longer-dated government debt. The intervention pushed bond yields and the dollar lower, reviving the debasement trade and boosting silver’s appeal as an alternative store of value. On the geopolitical front, threatened new US sanctions on Iran are raising the risk of further disruptions to Iranian oil supplies, potentially pushing energy prices higher and limiting the scope for interest-rate cuts. Investors will now focus on July PCE inflation data and Fed Chair Warsh’s Jackson Hole speech for further clues on the US rate outlook. Meanwhile, Canada’s planned retaliatory tariffs on some US goods after trade talks collapsed add to broader economic uncertainty.
2026-08-24
Silver Set for Third Straight Weekly Gain
Silver traded above $68 an ounce on Friday and was on course for a third consecutive weekly gain, as investors turned to safe-haven metals amid heightened volatility across currency and bond markets, while rising oil prices continued to underscore inflationary risks. The precious metal jumped more than 5% this week after the US Treasury Department announced plans to at least double its long-term debt buybacks in an effort to contain borrowing costs, driving Treasury yields and the dollar sharply lower. Silver also pushed higher even after Treasury yields reversed Wednesday’s decline amid concerns that the government’s efforts to rein in long-term borrowing costs may provide only a temporary solution. Meanwhile, oil prices extended their advance as the US prepares sweeping new economic sanctions against Iran, with the two sides locked in a standoff over the Strait of Hormuz.
2026-08-21