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macroJul 7, 2026, 3:27 PM

Silver Slides Below $61 as Markets Eye Fed Minutes

Silver (XAG/USD) extended its decline for a second consecutive day on Tuesday, falling below the $61 threshold to trade near $60.70, down 2.21% on the session. Traders are now focused on the release of the Federal Reserve meeting minutes for further direction.

XAGUSD

Silver (XAG/USD) continued its downward momentum on Tuesday, slipping below the $61 level. At the time of writing, the precious metal was trading around $60.70, a loss of 2.21% on the day. The decline marks a second straight session of losses for silver.

Market participants are now awaiting the release of the Federal Reserve's latest meeting minutes, which could provide clues on the central bank's monetary policy trajectory. A hawkish tone may further pressure silver, while a dovish stance could offer some relief. The metal remains sensitive to shifts in interest rate expectations and U.S. dollar strength.

Source: FXStreet Forex News