{"id":438033,"date":"2026-09-14T20:00:08","date_gmt":"2026-09-14T13:00:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/silver-holds-around-key-63-support-but-hawkish-fed-and-oil-surge-threaten-further-downside-438033\/"},"modified":"2026-09-14T20:00:08","modified_gmt":"2026-09-14T13:00:08","slug":"silver-holds-around-key-63-support-but-hawkish-fed-and-oil-surge-threaten-further-downside","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/silver-holds-around-key-63-support-but-hawkish-fed-and-oil-surge-threaten-further-downside-438033\/","title":{"rendered":"Silver holds around key $63 support, but hawkish Fed and oil surge threaten further downside"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Silver showed
\n surprising resilience on Friday, rising even after the US monthly
\n core inflation reading<\/a> came in hotter than expected. The reaction was odd
\n because the data strengthened expectations for a Fed rate hike, with markets
\n now assigning an 87% probability to a 25 bps increase on Wednesday.<\/p>\n

The broader
\n backdrop remains negative for precious metals. The surge in oil prices above
\n $100 has triggered a hawkish repricing across the board, pushing real yields
\n higher. Normally, that combination creates significant headwinds for silver.
\n Yet, silver has managed to hold above the key $63.00 support zone.<\/p>\n

The next major
\n test comes on Wednesday with the FOMC decision. A 25 bps hike is widely
\n expected and would mark the Fed’s first rate increase since 2023. The bigger
\n risk for silver is therefore not the hike itself, but the dot plot and the tone
\n of the accompanying communication. Any hawkish surprise could push real yields
\n even higher and put renewed pressure on the metal.<\/p>\n

At the same time,
\n developments in the Middle East remain a key focus. Rising oil prices have been
\n the dominant driver of financial markets, especially through their impact on
\n inflation expectations. A de-escalation could therefore have the opposite
\n effect, pushing oil prices lower and leading to an unwind in some of the more aggressive
\n rate hike bets. That would likely provide relief for silver.<\/p>\n

For now, I see the
\n fundamental backdrop remaining tilted to the downside. Silver would likely need
\n either a dovish Fed or a clear improvement in the Middle East that brings oil
\n prices back down to shift the current picture. Until then, the combination of
\n elevated oil prices, higher real yields and tighter financial conditions
\n remains a challenging environment for precious metals.<\/p>\n

\u00a0<\/p>\n

SILVER TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that silver is trading at the key 63.00 support zone. This is where we can
\n expect the buyers to step in with a defined risk below the support to position
\n for a rally into the 71.55 resistance. The sellers, on the other hand, will
\n want to see the price breaking lower to increase the bearish bets into the
\n 55.00 level next.<\/p>\n

\u00a0<\/p>\n

SILVER TECHNICAL ANALYSIS \u2013
\n 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we now
\n have a downward trendline defining the bearish structure. If we get a pullback
\n into the trendline, we can expect the sellers to lean on the trendline with a
\n defined risk above it to target a break below the support. The buyers, on the
\n other hand, will want to see the price breaking above the trendline to increase
\n the bullish bets into the 71.55 resistance next.<\/p>\n

\u00a0<\/p>\n

SILVER TECHNICAL ANALYSIS \u2013
\n 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we
\n have a minor downward trendline defining the bearish momentum on this timeframe.
\n The sellers will likely continue to lean on the trendline with a defined risk
\n above it to keep pushing into new lows. The buyers, on the other hand, will
\n look for a break to pile in for new highs, with the swing high around the 65.00
\n handle as the first target. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

On Wednesday<\/a>, we have the FOMC rate decision. On Thursday, we get
\n the US Jobless Claims figures. Traders will also keep a close eye on
\n developments in the Middle East.<\/p>\n

\u00a0<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 Silver showed surprising resilience on Friday, rising even after the US monthly core inflation reading came in hotter than expected. The reaction was odd because the data strengthened expectations…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-438033","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=438033"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438033\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}