Friday, 12 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Silver Price Forecast: XAG/USD Eases Near $36.50 Despite Renewed Risk Aversion
Friday, 27 June 2025 13:00 WIB | SILVER |PerakSILVER

Silver (XAG/USD) prices are trading lower after posting gains in the previous two sessions, trading around $36.50 per troy ounce during Asian hours on Friday (6/27). The decline in precious metals, including Silver, could be restrained by renewed concerns over the independence of the US Federal Reserve (Fed).

US President Donald Trump called Federal Reserve Chairman Jerome Powell "terrible" in The Hague on the sidelines of a NATO summit and said he has several potential successors in mind. "I know of three or four people I'm going to pick." Trump could undermine Powell's authority by announcing his preferred candidate in September or October to lead the central bank next year.

In addition, traders may be cautious due to the potential weakening of market sentiment, which was driven by recent comments from Iranian Foreign Minister Abbas Araghchi. Araghchi said that Tehran has no intention of resuming nuclear negotiations with the United States. "There is no agreement or arrangement made to resume negotiations. There is no commitment given, or any discussion held on this matter," he added as quoted by CNN.

The US Gross Domestic Product (GDP) showed a contraction of 0.5% in the first quarter, worse than the previous estimate and market expectations of -0.2%. The dismal GDP data further supported dovish expectations from the Fed; however, this was offset by Jobless Claims falling to a five-week low of 236K and Durable Goods Orders posting a 16.4% increase, the largest increase in 11 years. Markets now await the PCE inflation report due later for further direction from the Fed. (alg)

Source: FXstreet

RELATED NEWS
Silver Price Forecast: XAG/USD marks fresh 14-year highs above $42.00...
Friday, 12 September 2025 13:49 WIB

Silver price (XAG/USD) extends its winning streak for the third successive session, marking a fresh 14-year high at $42.17 during the Asian hours on Friday. The precious Silver attracts buyers as mark...

Silver Steady at $41, Awaits US CPI...
Thursday, 11 September 2025 11:31 WIB

Silver held around $41/oz, near a 14-year peak, as the market awaited the US Consumer Price Index (CPI) release, which could determine the size of the Fed's interest rate cut next week. Wednesday's US...

Silver Firms Up on Fed Rate Cut Bets...
Wednesday, 10 September 2025 11:03 WIB

Silver climbed above $41 per ounce on Wednesday, holding near 14-year highs as traders increased wagers on US Federal Reserve rate cuts. On Tuesday, the Bureau of Labor Statistics reported the US econ...

Silver Consolidates Near Peak, Dollar Pressure Eases...
Tuesday, 9 September 2025 08:40 WIB

Silver is currently trading at around US$41.26 per ounce in Asian trading on Tuesday, a slight decline of 0.19% from the previous session. This level remains near its highest level in recent years, re...

Silver Breaks $41 Amid Fed Rate Cut Speculation ...
Monday, 8 September 2025 18:50 WIB

Silver futures prices have risen again above $41 per ounce, their highest level since August 2011, as signs of a easing US labor market strengthen expectations of a Fed interest rate cut this year. T...

LATEST NEWS
Michigan Consumer Sentiment Index Expected to Weaken Further in September

The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday. This survey captures US consumers' views on their personal finances, business conditions, and...

Oil Prices Rise as Ukrainian Drone Strikes Hit Key Russian Baltic Hubs

Oil prices continued their rally amid growing concerns that Ukrainian drone attacks could disrupt oil flows through Russia's two most important crude export hubs on the Baltic coast. Brent crude rose above $67 per barrel, after falling 1.7% on...

Gold Nears Record, Market Pins Hopes on the Fed

Global gold prices strengthened on Friday (September 12th), with the last price recorded at $3,648 per ounce. This strengthening was driven by growing expectations of an interest rate cut by the Federal Reserve next week, after US labor market data...

POPULAR NEWS
Fed seen on course for rate cuts after PPI data
Thursday, 11 September 2025 01:30 WIB

The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday...

IMF says Fed has scope to lower interest rates
Friday, 12 September 2025 01:38 WIB

The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...

Breaking News: US Annual PPI Inflation Falls to 2.6% in August, Compared to an Expected 3.3%
Wednesday, 10 September 2025 19:39 WIB

Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), fell to 2.6% annually in August from 3.3% in...

US Nonfarm Payrolls benchmark revision points to 911,000 decrease in March 2025 level of employment
Tuesday, 9 September 2025 21:13 WIB

The US Bureau of Labor Statistics reported on Tuesday that the preliminary estimate of the Current Employment Statistics (CES) national benchmark...