Silver prices hovered around $60.90 per troy ounce during Asian trading on Thursday, supported by easing expectations for aggressive Federal Reserve rate hikes, according to FX Street (Silver Price Forecast).
Despite softer-than-expected core PCE inflation, Societe Generale noted that inflation pressures in the services sector remain firm and above the Fed's target. Combined with stronger consumption and upward GDP revisions, these factors suggest the US economy enters the second half of 2026 with solid momentum, keeping a potential rate hike in October on the table.
TD Securities also emphasized that while some inflation metrics have softened, robust US growth and sticky inflation underpin a still-hawkish Fed outlook. For Japanese investors, this dynamic highlights the ongoing influence of US macroeconomic trends on silver and FX markets, especially as the US dollar remains a key driver of commodity prices.