Silver Price Forecast: XAGUSD plunges below $18.50 on high US bond yields – by christianborjon Silver XAGUSD Commodities Metals Macroeconomics
rve inverted for the eighth consecutive day, meaning traders’ recession fears are increasing. However, high US inflation readings on the consumer and producer side continued their upward trajectory, making the Fed’s job even harder. At the time of writing, the XAGUSD is trading at $18.35, losing more than 4% in the day.remain under pressure, extending their fall as investors seek safety.
200s, though, at the time of writing, it sits at 108.765, up 0.69%. US T-bond yields are also rising, exerting further downward pressure on precious metals, with the US 10-year T-note coupon at 2.959%, up two bps.parade continues with Fed’s Waller, Collins, and Bullard crossing wires. Fed’s Waller and Bullard still back a 75 bps rate hike. Waller added that if retail sales and housing data come stronger than expected, he would lean toward a higher July hike.
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