Silver prices are currently holding steady around US$62/ounce after a wild week last week: briefly setting a record, then being hit by profit-taking. Spot price data shows XAG/USD hovering around US$62 within a narrow daily range, indicating the market is awaiting a new trigger.

From a macro perspective, the most "lifting" factor for silver right now is the direction of US interest rates. The Fed has indeed cut interest rates, but there are internal disagreements, so the market is becoming more cautious about betting on further easing in 2026. If expectations of lower interest rates strengthen, silver usually benefits (because precious metals don't pay interest); but if Fed comments cause yields/the dollar to rebound, silver could be resilient.

Meanwhile, silver's "main engine" still comes from the supply squeeze and industrial demand story. Numerous reports highlight the persistent supply deficit, industrial needs (including the tech/AI and solar chains), and stock and policy issues (e.g., the "critical mineral" status in the US), which are keeping silver strongly bid despite its volatility. So the bottom line: silver is consolidating—but the underlying demand and supply are still the reason it hasn't fallen easily. (az)

Source: Newsmaker.id