On October 1, 2026 (GMT-5), XAG/USD climbed higher amid moderate intraday volatility. Cooling US inflation data dialed back market expectations for further Federal Reserve rate hikes, pushing the US Dollar Index and Treasury yields lower to offer support for silver, which benefits from both safe-haven and industrial demand. Geopolitical risks added extra safe-haven buying interest, yet the upside was partially limited as investors took profits after the recent rally. Support buyers stepped in during intraday pullbacks to defend key price levels. Traders remained cautious and closely monitored the upcoming US non-farm payrolls report, which is expected to dictate silver’s next directional move.Bullish outlook for the market tomorrow; target level: 62.15.
This content is for informational and entertainment purposes only. This is a friendly XAG/USD market recap, and does not constitute investment advice or a recommendation to trade spot silver. The silver market features high volatility amid macroeconomic changes and geopolitical fluctuations. Please trade prudently, manage risks properly and trade at your own discretion. All profits and losses shall be borne solely by yourself. Please trade with caution.