Silver holds above $59 on Williams’ remarks — but the $60.21 average still caps it

After two days of losses, silver found its feet in Asian trading on Wednesday. It traded around $59.20 an ounce, FXStreet reports, supported by comments from New York Fed president John Williams.

Williams: one more hike, then stop

Williams sees one more rate hike as appropriate this year but does not foresee additional rate increases in 2027, according to FXStreet. That is not a dovish message about the next meeting — FedWatch still shows about 88% odds of a hike by December, and about 77% odds of no change in October. What it changes is the longer path: a cap on how far rates go. For silver, which pays no interest and trades partly as a monetary metal, a lower peak in rates is supportive. We look at the bond-market reaction in Williams caps 2027 hikes.

CPI and the oil problem

The consensus for today’s CPI is 3.6% on the year, up from 3.4%, with core at 2.5% from 2.4%. Behind that rise sits energy, and TD Securities, quoted by FXStreet, sees energy strength as “hard to shake as tanker attacks escalate.” For silver this is a double-edged risk: higher energy prices push inflation and rate expectations up, and they also raise costs for the industries that use silver.

FXStreet also notes the International Monetary Fund’s latest warnings: on a possible slowdown in the AI boom, on debt, and on a prolonged conflict in the Middle East. The first matters directly for silver, since AI data centres have become one of the demand stories behind it — see Silver’s new floor.

The chart: below both averages

As reported by FXStreet from the daily chart, 14 October 2026.

FXStreet describes silver as technically bearish while it trades below both its 9- and 50-day exponential moving averages. An RSI under 40 shows weak momentum but not an oversold market. Reclaiming the 9-day average near $60.21 would be the first sign of a turn; failing to do so leaves the downtrend in place. Those are FXStreet’s readings, not our forecast.

For what China’s physical buyers are doing — still very little — see China’s spot silver stays quiet.

Every figure here is as reported by the publications listed under Sources, at the time they reported it. Prices move; the live gold price has the current one. Nothing on this page is investment advice.