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fxJul 2, 2026, 3:41 AM

Silver Rises Above $60 as Fed's Warsh Strikes Less Hawkish Tone

Silver (XAG/USD) extended gains for a third session, trading near $60.20 during Asian hours, supported by a less hawkish-than-expected tone from Federal Reserve Chairman Kevin Warsh at the ECB Forum.

XAGUSD

Silver prices continued their upward momentum on Thursday, rising for a third consecutive day. During Asian hours, XAG/USD was trading around $60.20 per troy ounce.

The move higher was supported by comments from Federal Reserve Chairman Kevin Warsh at the ECB Forum on Wednesday, which were perceived as less hawkish than markets had anticipated. The softer tone weighed on the US dollar, providing a tailwind for the precious metal.

Source: FXStreet Forex News