Silver

Key insight

64.02 holds week-open support — retest of $66.49 high likely if Sep Fed hike odds fade further below 40%

Pulled back 3.7% from $66.49 seven-week high; 70% YoY gain intact, industrial demand floor solid

Main risk

Fed Sep rate-hike risk resurgence

PPI surprise could push Sep hike odds back above 50%, pressuring XAG toward $61.50