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Forex

Silver Price Stuck Near $68.50 Ahead of Fed Chairman's Key Speech

Guavy AI Editorial Team
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USD
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The price of Silver (XAG/USD) has remained relatively stable near $68.50, as investors await Federal Reserve Chairman Kevin Warsh's speech at the Jackson Hole Symposium on Friday.

Fed Chair Warsh is expected to provide insights into inflation and interest rate outlook, which could impact the US Dollar (USD).

A strong USD tends to suppress Silver prices, while a weaker dollar can boost them. Strategists at OCBC believe that if Fed officials reaffirm their commitment to returning inflation to 2%, it could support the USD.

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