Silver Price Analysis: XAG/USD continues to trade vulnerable below $23.00 Silver XAGUSD Commodities Metals Silver
The USD weakened following two consecutive sessions of strength.In Wednesday's session, thespot price XAG/USD traded with mild losses, while the USD traded weaker and corrected after two days of strength. Markets remain quiet ahead of crucial Consumer Price Index data from the US from July, which will impact bond and metal price dynamics.
Considering this, the US bond yields showed a mixed performance on Wednesday. The 10-year bond yield trades at 4.01%, seeing 0.23 % losses on the day, while the 2-year yield stands at 4.76% with 0.12 % gains and the 5-year yielding 4.10%, seeing mild losses.decisions, tightening expectations have risen. According to World Interest Rate Possibilities tool, the markets are currently pricing in a 15% chance of a 25 bps hike in the September meeting, while those odds rise to 30% in November.
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