Silver Price Forecast: XAG/USD remains range-bound with a bearish bias

  • July 13, 2026
  • Posted by: EWGFX
  • Category: news
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Silver (XAG/USD) attracts sellers on Monday after renewed fighting between the United States (US) and Iran over the weekend revived energy-driven inflation concerns and reinforced expectations of a Federal Reserve (Fed) interest rate hike later this year.

At the time of writing, XAG/USD trades around $58.30, down more than 2% on the day.

According to the CME FedWatch Tool, traders are currently pricing in a 71% chance of a rate hike in September, up from 57% a week earlier. Higher borrowing costs tend to weigh on non-yielding assets such as Silver.

The US economic calendar is light on Monday, leaving traders focused on geopolitical headlines. Attention then turns to the US Consumer Price Index (CPI) data on Tuesday, which could shape near-term interest rate expectations and drive the next move in XAG/USD.