Silver Price Stuck in Range Ahead of Fed Warsh's Jackson Hole Speech

The silver price remains stuck in a tight range between $67.35 and $70 this week, awaiting key comments from Federal Reserve Chairman Kevin Warsh at the Jackson Hole Symposium.

Fed Chair Warsh's speech on Friday will be closely watched for clues on inflation and US interest rate outlook, which could influence the silver price.

Warsh has previously stressed that the central bank is committed to bringing inflation down to the 2% target, a move that would likely boost the US Dollar and potentially diminish the appeal of non-yielding assets like silver.

Silver technical analysis shows that the metal is trading above its 20-day Exponential Moving Average at $65.34, maintaining a bullish near-term bias.