Silver Rebounds as Fed Rate-Hike Bets Ease

2026-09-03 13:46 By Joana Ferreira 1 min. read

Silver climbed above $66 an ounce on Thursday, rebounding from two-week lows as the US dollar and Treasury yields retreated from recent highs following dovish comments from Federal Reserve officials.

Markets scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he sees continued progress on inflation and would support keeping rates unchanged if August data confirms the improvement.

His remarks followed comments from New York Fed President John Williams that inflation continues to ease as the impact of tariffs fades, while a weaker-than-expected ADP report pointed to a cooling labor market.

Traders now see roughly a 50% chance of a September rate hike, down from 62% before Waller's comments.

Investors await Friday's payrolls report and next week's inflation data for further clues on the Fed's policy outlook.



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Silver Rebounds as Fed Rate-Hike Bets Ease
Silver climbed above $66 an ounce on Thursday, rebounding from two-week lows as the US dollar and Treasury yields retreated from recent highs following dovish comments from Federal Reserve officials. Markets scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he sees continued progress on inflation and would support keeping rates unchanged if August data confirms the improvement. His remarks followed comments from New York Fed President John Williams that inflation continues to ease as the impact of tariffs fades, while a weaker-than-expected ADP report pointed to a cooling labor market. Traders now see roughly a 50% chance of a September rate hike, down from 62% before Waller's comments. Investors await Friday's payrolls report and next week's inflation data for further clues on the Fed's policy outlook.
2026-09-03
Silver Extends Rebound
Silver climbed toward $66 an ounce on Thursday, extending the previous session's rebound as a pullback in the dollar and Treasury yields provided some relief. New York Fed Bank President John Williams said there is evidence that inflation continues to ease as the impact of tariffs fades, while higher energy prices have yet to spill over into other services. Data on Wednesday also showed that US private employment growth slowed in August. Still, markets are pricing in around a two-thirds chance of a Fed rate hike later this month following Chair Kevin Warsh’s hawkish remarks on Friday. Elsewhere, oil prices halted their rally after President Donald Trump said the latest attacks on Iran would be short-lived while indicating that the US stands ready for further strikes, easing inflation concerns and providing additional support to precious metals.
2026-09-03
Silver Rebounds From Two-Week Lows
Silver rose above $65 an ounce in afternoon trading Wednesday, recovering from two-week lows as the US dollar and Treasury yields pulled back from recent highs. Investors are awaiting US payrolls data on Friday for further clues on the Federal Reserve’s policy path. Oil prices hovered around six-week highs as traders weighed elevated supply risks from ongoing Middle East hostilities against signs that crude was still reaching the market. Meanwhile, the latest ADP report showed US private businesses added 38,000 jobs in August, the weakest increase since January and below expectations of 47,000, pointing to a broader cooling in the labor market. Markets now price in a 66% chance of a September Fed hike, up from around 40% a week ago, according to the CME FedWatch Tool.
2026-09-02