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fxJul 1, 2026, 3:02 PM

Silver Rebounds Above $60 as US Economic Data Disappoints

Silver (XAG/USD) rallied over 3% to trade near $60.35 on Wednesday, buoyed by a weaker US dollar after softer-than-expected US economic data and comments from Federal Reserve Chair Kevin Warsh.

XAGUSD

Silver (XAG/USD) bounced back above the $60 mark on Wednesday, trading around $60.35 for a gain of 3.19% at the time of writing.

The white metal found support from a declining US dollar, which weakened after the release of softer-than-expected US economic figures and remarks from Federal Reserve Chair Kevin Warsh that weighed on the greenback.

Traders are now watching for further cues from US data and Fed commentary to gauge the next move in precious metals.

Source: FXStreet Forex News