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fxAug 12, 2026, 7:16 PM

Silver jumps over 1.4% as US inflation cools

Silver advanced more than 1.4% on Wednesday after US inflation data showed cooling price pressures, with XAG/USD testing the 200-day SMA.

XAGUSD

Silver moved higher on Wednesday, gaining more than 1.4% after the latest US inflation report showed price pressures cooling toward the Federal Reserve’s 2% goal.

The update highlighted the 200-day simple moving average as a key technical level for XAG/USD as the metal pushed higher during the session.

Source: FXStreet Forex News