Silver Surges Above $65 on Soft US Inflation and Lower Fed Rate Hike Odds

Silver prices rose to $65.64 per ounce on August 13, 2026, marking a significant move in the precious metals market.

This 1.15% gain was driven by softer-than-expected US inflation data, including a subdued July core Producer Price Index and Consumer Price Index report, which reduced expectations for aggressive Federal Reserve interest rate hikes.

The easing of hawkish expectations has made non-yielding assets like silver more attractive, despite technical resistance near $67 per ounce.