Silver Holds Ground Ahead of Key US Inflation Data Releases

Silver prices held gains on Thursday as investors awaited key inflation data from the US. The XAG/USD pair traded near its daily low, but remained within striking distance of a nearly two-week high reached on Wednesday.

The US Producer Price Index (PPI) report was released later that day, while the Consumer Price Index (CPI) is due on Friday. These crucial data points will provide clues about the Federal Reserve's policy path and influence US Dollar price dynamics.

Technical analysis suggests that silver remains confined in a familiar range over the past two weeks. It has struggled to build momentum above its 100-period Simple Moving Average (SMA) on the 4-hour chart, but supportive indicators suggest buyers retain control.