⚡ Silver Price Forecast: XAG/USD falls to near $66.00 amid Fed Chair Warsh’s hawkish tone

**BREAKING: Silver Extends Decline to $66.10 on Fed Chair Warsh Hawkish Stance**

Silver prices fell for a second consecutive session, trading near $66.10 per troy ounce during Monday’s Asian trading hours as Federal Reserve Chair Kevin Warsh delivered hawkish commentary on monetary policy. The non-yielding precious metal came under renewed pressure as Warsh’s remarks signal the central bank’s commitment to maintaining elevated interest rates for an extended period.

The hawkish tone from the Fed leadership continues to weigh on precious metals, which offer no yield and become less attractive when interest rates remain high. Traders in XAG/USD are pricing in reduced safe-haven demand as the dollar strengthens on expectations of sustained tight monetary policy. The move lower suggests continued headwinds for silver and broader precious metals markets as long as the Fed maintains its restrictive stance.

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FXnCO Insight

** Traders should monitor upcoming Fed speeches and economic data closely, as sustained hawkish rhetoric could push silver toward the $65 support level while dollar-long positions remain favored.

Source: FXStreet