**BREAKING: Silver Extends Three-Day Slide on Fed Hawkish Sentiment**
Silver prices dropped to approximately $64.40 per troy ounce during Friday’s Asian trading session, marking the third consecutive day of losses for the precious metal. The XAG/USD pair is under pressure as traders increasingly price in a more hawkish Federal Reserve policy stance, with elevated odds of further rate hikes dampening appetite for non-yielding assets.
The sustained decline reflects growing market conviction that the Fed will maintain its restrictive monetary policy longer than previously anticipated. Higher interest rates typically strengthen the US dollar and increase the opportunity cost of holding precious metals like silver, which generate no income. The metal’s weakness comes as traders reassess their positioning ahead of potential Fed policy signals.
Market participants should monitor upcoming Fed communications and economic data releases that could either reinforce or challenge current rate expectations.
**
FXnCO Insight
** Traders should watch key US dollar levels closely, as further dollar strength on hawkish Fed rhetoric could push silver toward additional technical support zones near $63.00.
Source: FXStreet