Silver Slips as Markets Await US Inflation and Fed Signals

2026-08-24 18:42 By Joana Ferreira 1 min. read

Silver erased early gains to trade slightly lower at around $68.5 an ounce on Monday, remaining near its highest level since mid-June.

Investors are awaiting 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 pricing in a more than 40% chance of a rate hike in September, according to CME FedWatch.

On the geopolitical front, the Trump administration announced an expansion of secondary sanctions targeting entities and countries maintaining business ties with Iran.

Treasury Secretary Scott Bessent warned that at least one major financial institution could be sanctioned this week and suggested China would not be exempt.



News Stream
Silver Slips as Markets Await US Inflation and Fed Signals
Silver erased early gains to trade slightly lower at around $68.5 an ounce on Monday, remaining near its highest level since mid-June. Investors are awaiting 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 pricing in a more than 40% chance of a rate hike in September, according to CME FedWatch. On the geopolitical front, the Trump administration announced an expansion of secondary sanctions targeting entities and countries maintaining business ties with Iran. Treasury Secretary Scott Bessent warned that at least one major financial institution could be sanctioned this week and suggested China would not be exempt.
2026-08-24
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