**BREAKING: Silver Rebounds Above $69 as Markets Await Fed Chair Warsh Jackson Hole Speech**
Silver prices recovered Thursday morning in Asian trading, climbing back above $69.10 per troy ounce after declining in the previous session. The XAG/USD pair is trading in a holding pattern as investors position ahead of Federal Reserve Chair Kevin Warsh’s highly anticipated speech at the Jackson Hole Economic Symposium scheduled for Friday.
Traders and precious metals dealers are exercising caution, with the white metal’s immediate direction hinging on Warsh’s policy signals regarding interest rates and monetary tightening. Any dovish commentary could propel silver higher, while hawkish rhetoric on sustained rate pressure may trigger renewed selling.
The recovery suggests underlying support remains intact near the $69 level, though volatility is expected to intensify as the symposium approaches. Institutional positioning indicates markets are split on the Fed’s next moves.
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FXnCO Insight
** Traders should reduce position sizes and widen stops ahead of Friday’s Jackson Hole speech, as silver could see sharp two-way price action depending on Warsh’s inflation and rate guidance.
Source: FXStreet