ForexAug 12, 2026, 3:23 AM

Silver Nears $65.40 as Traders Await US CPI Data

Silver advanced 1.1% to around $65.40 during Asian trading on Wednesday, with market attention turning to the upcoming US July CPI release.

XAGUSD

XAG/USD climbed to roughly $65.40, a 1.1% gain, in the Asian session on Wednesday. The move came ahead of the US Consumer Price Index report for July, scheduled for release at 12:30 GMT.

Market participants are closely watching the inflation data for clues on the Federal Reserve’s next policy steps. A softer reading could weaken the US dollar and boost precious metals, while a stronger print might pressure silver.

Source: FXStreet Forex News

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