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fxJul 3, 2026, 2:46 AM

Silver (XAG/USD) Rises Above $62.50 as Fed Rate Cut Bets Ease

Silver extended its gains for a fourth consecutive session, trading around $62.60 per troy ounce during Asian hours as market expectations for Federal Reserve rate cuts moderated.

XAGUSD

Silver (XAG/USD) continued its upward momentum for the fourth straight day, trading near $62.60 per troy ounce during the Asian session.

The precious metal moved above the $62.50 threshold as traders scaled back bets on aggressive Fed rate cuts, providing a tailwind for the dollar-denominated asset. The rise also reflects broader safe-haven demand amid ongoing uncertainty.

Source: FXStreet Forex News