Silver Price Forecast: XAG/USD plummets to near $63.60 after Fed Williams hawkish remarks
Silver price (XAG/USD) is down 1.25% to near $63.60 during the European trading session on Thursday. The white metal faces intense selling pressure after hawkish remarks from New York Federal Reserve (Fed) Bank John Willams, a permanent voting member, in the European trade. The comments from Feds Williams signaled that the central bank is highly worried about rising inflationary pressures and is gaining confidence on the overall job outlook. Regarding the United States (US) interest rate outlook, Feds Williams said that it is “reasonable to see another rate hike by end of year.” Williams flags resilience and inflation challenge as Fed keeps hawkish bias Feds Williams delivers a notably firm message, with a 7.2/10 FXS Speechtracker score standing above the 6.2/10 historical average, underscoring confidence in US economic resilience and reduced downside risks to maximum employment. The emphasis that the “big challenge is on inflation,” the acknowledgement of “pretty strong demand from AI,” and the remark that another rate hike by year-end is “reasonable” all point to a stance that keeps the door open to further tightening even as explicit forward guidance is dialed back. The FXS Fed Sentiment Index slipped by 0.18 points to 148.63, indicating a modest pullback in perceived hawkishness. Despite the









