Silver Price Slumps on Hawkish Fed and Strong Dollar

The price of silver (XAG) has dropped by 2.89% to $65.1 due to several factors, including a strong US Dollar and a hawkish Federal Reserve stance.

Renewed expectations for higher artificial intelligence capital spending are raising market attention to silver, as it plays a critical role in advanced electronics.

Despite this sector-specific demand narrative, price action has remained under broader selling pressure, with the metal trading below its key short- and long-term moving averages.

Technical indicators show bearish momentum signals, with a projected price range of $64.2 to $66 and a 73% probability of further downside in the next 2-3 days.