Last Updated on October 1, 2026 by Deon
Silver prices stayed mostly the same on Thursday with XAG/USD trading around $60.48 per troy ounce according to the FXStreet data. The metal was barely different from Wednesdays closing price of $60.42 leaving traders on edge after silver recently faced a lot of selling.
The latest price movement happens as financial markets look at changes in the US Dollar Treasury yields and what the Federal Reserve might do. Even though silver can do well when interest rates are expected to drop high US yields and a strong Dollar are still important for the metal.
Silver Trading Near the $60 Level
The $60 level has become a point for silver traders. After coming down from prices XAG/USD is now trying to stay steady around this area.
FXStreet data shows that silver was at $60.48 on Thursday with the daily change staying the same. Silver has also gone down about 14.92% since the start of the year showing the weakness in the market.
Not seeing a strong recovery means traders are still careful. Buyers might be waiting for signs from US economic data and what the central bank might decide before making a bigger move.
US Dollar Remains a Key Driver
The US Dollar continues to be a factor in the silver market because XAG/USD is priced in Dollars. A stronger Dollar usually makes silver more expensive for people using currencies and can hurt demand.
Recent trends show that the Dollar is still strong with the Dollar Index getting close to its high near 101.80. At the time US Treasury yields are still high. These conditions can be tough for -yielding precious metals.
For silver changes in the Dollar will still be a factor in seeing if the metal can move away from the $60 area.
Treasury Yields Keep Traders Focused
US Treasury yields have also become an influence on precious metals. When yields go up investors might prefer interest-earning assets over assets like silver that don’t give income.
Recent reports from FXStreet have pointed out US bond yields as a major reason for the pressure on precious metals. Gold has also been struggling as yields rise showing how strongly the whole metals market is reacting to changes in borrowing costs.
If yields stay high silver might keep facing challenges when trying to gain ground.
Federal Reserve Expectations Matter
Federal Reserve policy is another factor for silver. Expectations about interest-rate decisions can affect both Treasury yields and the US Dollar.
Recent US inflation numbers gave some comfort to markets because lower price increases reduced the chance of a rate rise.. The reaction in financial markets has been mixed because other issues, like oil prices and economic data still affect inflation expectations.
For traders this means new US economic reports could cause bigger price swings as markets rethink what the Fed will do next.
Industrial Demand Supports Silver
Unlike gold silver has an industrial part. The metal is used a lot in electronics, solar power and other industrial uses because it conducts electricity well.
This means silver has another source of demand besides investment and safe-haven buying. Economic situations in industrial countries especially the US, China and India can affect silver prices. FXStreet says that industrial activity and demand from electronics and solar energy sectors can change the metal’s price.
If industrial activity gets better stronger physical demand could help silver. On the hand worries about economic growth could make people worry about industrial demand.
Gold-Silver Ratio Remains Stable
The Gold/Silver ratio was 68.81 on Thursday almost the same as the previous day. The ratio shows how many ounces of silver are needed to match the value of one ounce of gold.
Traders often look at this ratio when they compare how gold and silver are doing. Changes in the ratio can help explain why gold and silver might be moving differently.
A steady ratio now shows that the silver market hasn’t changed much and there is no shift in the demand for precious metals.
Silver Technical Outlook
Looking at the term the $60 level is still important to watch. If silver stays above this point it might stabilize and try to move up toward higher levels.
If silver stays below $60 for a long time selling pressure could increase and lower support levels could become more important. Traders will probably watch how the price moves around this area along with changes in the US Dollar and Treasury yields.
On the side a move above recent resistance would help the short-term recovery look stronger.
Upcoming US Data Could Bring Volatility
US data is still the main possible trigger for silver. Numbers on jobs, manufacturing, inflation and what the Federal Reserve says can all affect expectations about interest rates.
A weaker US economy could lower Treasury yields. Put pressure on the Dollar, which might create a better environment for silver. Stronger numbers could do the opposite if they make markets expect money policy.
Silver Price Outlook
Silver is currently near $60 as traders deal with market factors. The latest FXStreet data shows XAG/USD at around $60.48 the same as the day before.
The next movement for silver will probably depend on the US Dollar, Treasury yields, what the Federal Reserve might do and new economic data. Industrial demand will also be a factor over time.
For now traders are keeping an eye on whether silver can stay near the $60 level. A real recovery would make people look at levels while more selling, below this level could bring more losses.
