Silver

Key insight

Silver has corrected nearly 50% from its January 2026 all-time high of $115.15, but the Fed's hold on rates Wednesday and ongoing Middle East geopolitical risk provide a structural bid — the $60.00 psychological resistance is the immediate battle line.

Silver is holding above the key $57.00 round-number support and recovering from its multi-month corrective low, with price more than 100% higher year-to-date and institutional targets of $80+ by year-end from BlackRock and J.P. Morgan remaining intact.

Main risk

Federal Reserve Rate Policy — No Cut Signal

The Fed concluded its July 29 meeting with no rate cut, removing a key near-term catalyst for silver; a prolonged hold at current rates suppresses non-yielding precious metals and could keep silver capped below $60.