Silver

Neutral

Archived analysis from Aug 13, 2026, 8:29 PM

Key insight

$65 reclaimed intraday then lost — PPI data due today is the binary catalyst for the next $2–3 move.

Pullback from 7-week high at $66.49 — PPI print today dictates next Fed move and silver direction.

Main risk

Fed rate hike risk — Sep FOMC

40% market chance of Sep hike; hot PPI today could push that higher, capping silver.

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