XAG/USD Holds Above $62 as Market Risks Rise.
Silver Holds Firm Above $62 as Safe-Haven Demand Strengthens
Silver (XAG/USD) remains well-supported above the $62.00 level during Thursday’s late European session, staying within striking distance of its all-time high at $62.89. The metal continues to attract strong interest amid a dovish Federal Reserve outlook and heightened caution across financial markets.
Dovish Fed Boosts Precious Metals
The US Dollar remains under pressure after a more dovish-than-expected Fed decision. While the central bank delivered the widely anticipated 25-bps rate cut, only two policymakers dissented, and Fed Chair Jerome Powell explicitly ruled out any future rate hikes.
This reinforced expectations that the easing cycle is not over, with markets increasingly pricing in potential additional cuts in 2026.
Lower rate expectations and declining Treasury yields continue to create a favorable backdrop for non-yielding assets like silver.
Safe-Haven Demand Supported by Market Risks
Investor sentiment has softened amid renewed concerns over a potential AI-driven market bubble, further fueling safe-haven inflows into precious metals. These macro uncertainties, combined with the weaker USD, help maintain silver’s upward momentum.
Outlook: Bullish Structure Intact
With yields easing, risk appetite deteriorating, and the Fed leaning dovish, silver retains a clearly bullish technical bias. XAG/USD remains well-positioned to retest or break new record highs in the coming sessions if momentum persists.
