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fxAug 11, 2026, 1:38 AM

Silver Price Drops to Near $66.00 on Fed Hike Fears and Oil Surge

Silver prices fell toward $66 per troy ounce as rising oil prices stoked inflation concerns and bolstered the case for further Federal Reserve rate hikes.

XAGUSD

Silver prices declined during Asian trading on Tuesday, slipping to around $66.00 per troy ounce and reversing two days of gains.

The non-yielding metal came under pressure as a surge in oil prices renewed inflation fears, raising expectations that the Federal Reserve will continue hiking interest rates. Higher rates typically reduce the appeal of assets like silver that do not offer a yield.

Source: FXStreet Forex News