Last Updated on October 9, 2026 by Deon
Silver prices came back on Friday, October 9 2026 because US Treasury rates went down and the US dollar became weaker which made it better for the metal. XAG/USD went up 2 percent to trade near $60.40 during the European session getting back the losses from Thursday.
The rise has brought people buying but the overall future is not clear. Worries about inflation what people think about interest rates and problems in parts of the world could stop more increases. Traders are now looking at US inflation numbers to see what happens next with silver prices. Source: FXStreet report, republished by Mitrade.
Why Is Silver Going Up?
US Treasury Rates Drop
US Treasury rates are a part of how silver prices change. Silver does not give interest. When rates go up other investments that do give interest might look better to investors.
When Treasury rates go down the cost of holding silver might go down. This can make people want to buy especially if they think money policies will not be so strict.
The recent drop in rates has helped silver after a time when it was losing value.. Where the rates go in the long run is not clear and they might go up again which could be bad for the metal.
A Weaker US Dollar Helps XAG/USD
Silver’s bought and sold around the world using US dollars. When the dollar gets weaker silver is cheaper for people in countries.
The US Dollar Index went down during European trading on Friday, which helped XAG/USDSilver prices. Still the dollar might get stronger again if US economic numbers make people think the Federal Reserve will raise rates more.
Traders should keep an eye on both the dollar and Treasury rates of just one of them.
Federal Reserve Actions Stay Important
What the Federal Reserve does with interest rates is an influence on precious metals. High inflation can make officials keep money rules or think about more rate increases.
Higher interest rates usually help the US dollar. Can make people want less of assets that do not pay interest like silver. On the hand lower inflation numbers could make people less worried about rates and help silver recover more.
The next big event is the US Consumer Price Index (CPI) report for September. Investors will look at the numbers to see if inflation is going up or down.
If the inflation number is higher than expected it could pressure silver if it makes Treasury rates and the dollar go up. If the number is lower it might help prices by making people think the policy will be less strict.
How the market reacts depends on the details of the report and how it compares with what people already think.
Events in the US and Iran could make things uncertain
Issues between the US and Iran are another thing that affects financial markets. Uncertainty about the conflict can change oil prices what people think about inflation and how much they want places to put money.
Higher oil prices can make people more worried about inflation, which can push banks to keep money tight. That situation can be hard on silver even when the uncertainty makes people want precious metals.
If oil prices fall and worries about inflation go down silver might get help from lower rate expectations.. New news can change things quickly which means risk management is important.
Silver Price Prediction: Important Numbers to Watch
Silver has come back to $60.40, which makes people feel better about the term but traders need proof before they think the market is going up for good.
Resistance Points
The $61.00 mark is a point to watch. If silver stays above that more people might want to buy and higher resistance points could be important.
The area around $62.00 could be important if the buying continues. Traders should check their charts to see if the resistance moves with the market.
If silver can’t go above the resistance it might mean sellers are still active despite the rise.
Support Points
The $60.00 mark is a point for short-term trading. If silver stays above that buyers might try to keep the rise going.
If silver drops below $60.00 the rise might lose strength and more people might sell. Traders should check their charts for the support level instead of thinking the rise will keep going.
These numbers are references, not sure points where the price will change.
Trading Ideas for XAG/USD
Traders can get ready for situations based on the current market. Move: If silver goes above nearby resistance and stays there traders can look for a chance to buy after it is confirmed. A retest might be a chance to enter than trying to catch a fast move up.
Support move: If XAG/USD goes down to $60.00 and makes a sign that buyers are trying to stop the drop traders can see if people are protecting that level. Just support is not enough to buy.
Bearish move: If silver can’t go above resistance and drops below support sellers might take over. Traders can look for a chance to sell after it is confirmed and find a stop loss point.
Every trade needs an entry stop loss and target. The size of the trade should match the money being risked. Traders should not add more if the market moves against them.
What Should Traders Look For Next?
The September US CPI report is the important event for silver. Treasury rates and the US dollar will still be important for the short-term view.
Traders should watch if the drop in rates keeps going or if it changes. They should also watch what happens with the conflict between the US and Iran and how people think about inflation because these things can change how people feel about the market quickly.
A move above resistance would show signs that the market is moving up. If the dollar and rates get stronger again the recent rise might be in trouble.
Summary
Silver went up to $60.40 because Treasury rates fell and the dollar got weaker which made things better for XAG/USD. Still the rise is not safe from changes in what the Federal Reserve’s thinking worries about inflation and events in different parts of the world.
The $61.00 mark and the $60.00 level are helpful for short-term trading. The next US CPI report could show if silver keeps going up or goes back to selling.
For traders waiting for proof and using a plan to manage risk might be better than making a decision based on one move in the market.
Note: This text is, for learning and is not advice. Trading silver has risks especially when using leverage. Always do your research and control the amount of risk you take.
