Silver
BearishArchived analysis from Sep 4, 2026, 8:31 PM
Key insight
$66.17 holds above the week's $64.24 low but needs Waller's dovish signal confirmed by payrolls — a hot print today flips the rate-hike odds and targets $63–64 support.
Pulls back 1.2% to $66.17 as ~50% Fed rate-hike probability for Sept keeps a lid on the metal; gold down 0.9% confirms broad precious-metal selling.
Main risk
Sept FOMC Rate-Hike Risk
CME FedWatch ~50% Sept hike odds; a hot payrolls print today could push that back above 60%, pressuring silver toward $63.50 200-day MA.
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