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fxJun 9, 2026, 1:53 AM

Silver (XAG/USD) edges lower near $68 on Fed rate hike bets

Silver prices slipped to around $67.90 during Asian trading on Tuesday, paring recent gains as renewed Fed rate hike expectations and Middle East uncertainty weighed.

XAGUSD

Silver (XAG/USD) eased to near $67.90 per troy ounce during Asian hours on Tuesday, pulling back from the previous session's advance. The decline comes as markets increase bets on a further US interest rate hike, which strengthens the dollar and pressures non-yielding assets.

Geopolitical uncertainty in the Middle East continues to provide some support for safe-haven metals, but the Fed outlook remains the dominant driver. Traders now eye upcoming US data for clues on the pace of monetary tightening.

As of writing, XAG/USD is trading around $67.90, down modestly from Monday's close.

Source: FXStreet Forex News