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fxJun 30, 2026, 10:17 AM

Silver Rebounds as Fed Rate Hike Expectations Cap Gains Ahead of US Labor Data

Silver (XAG/USD) rebounded on Tuesday, trading around $58.80, up 0.96%, after finding support near $56.60, though gains are limited by expectations of further Fed rate hikes ahead of US labor data.

XAGUSD

Silver prices recovered on Tuesday, climbing to around $58.80 per ounce, a gain of 0.96% on the session. The rebound followed a dip to support near $56.60 earlier.

However, the upside remains constrained by expectations that the Federal Reserve will continue raising interest rates. Traders are now awaiting US labor market data for further direction on monetary policy.

Source: FXStreet Forex News