{"id":439283,"date":"2026-10-02T18:00:14","date_gmt":"2026-10-02T11:00:14","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/silvers-selloff-pauses-as-key-fed-members-push-back-against-october-rate-hike-bets-439283\/"},"modified":"2026-10-02T18:00:14","modified_gmt":"2026-10-02T11:00:14","slug":"silvers-selloff-pauses-as-key-fed-members-push-back-against-october-rate-hike-bets","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/silvers-selloff-pauses-as-key-fed-members-push-back-against-october-rate-hike-bets-439283\/","title":{"rendered":"Silver’s selloff pauses as key Fed members push back against October rate hike bets"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Silver has been consolidating near recent lows after Fed\u2019s
\n Williams<\/a> and Fed\u2019s
\n Jefferson<\/a> delivered dovish comments, suggesting that there is no urgency to
\n raise interest rates again in October.<\/p>\n

Their comments reinforced the view that the Fed has a limited appetite for
\n tightening, which is also consistent with the message from September\u2019s dot
\n plot. <\/p>\n

This could continue to support silver if the Fed remains more dovish than
\n markets expect, as real yields could decline due to inflation expectations rising
\n faster than nominal yields.<\/p>\n

The main focus today is on the US NFP report. Given the recent comments
\n from Williams and Jefferson, we would likely need a blockbuster report, with
\n the data beating expectations across the board, to revive expectations for an
\n October rate hike. Such an outcome could trigger another hawkish repricing and
\n weigh on silver in the short term.<\/p>\n

On the other hand, in-line or weaker than expected data would likely
\n reinforce the dovish repricing and provide room for silver to extend its recent
\n pullback.<\/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<\/a>has been consolidating around
\n the recent lows. If we get a retest of the broken support now turned resistance
\n around the 63.00 level, we can expect the sellers to step in there, with a
\n defined risk above it, to keep targeting the 55.00 handle. The buyers, on the
\n other hand, will want to see the price breaking higher to extend the pullback
\n into the downward trendline.<\/p>\n

\u00a0<\/p>\n

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

On the 4 hour chart, we can
\n see the price is breaking above the minor downward trendline that was defining
\n the bearish momentum. This might be a signal of a bigger pullback to come. The
\n buyers will likely pile in around these levels, with a defined risk below the
\n lows, to position for a rally into the major downward trendline. The sellers,
\n on the other hand, will want to see the price falling back below the trendline
\n to extend the drop into new lows, with the 55.00 level as the first target. <\/p>\n

\u00a0<\/p>\n

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

On the 1 hour chart, we can
\n see more clearly the consolidation around the lows. The buyers will likely look
\n for a rejection around the upward trendline or a break above the downward one
\n to extend the rally into the 63.00 resistance, while the sellers will look for short
\n opportunities around the downward trendline or on the break of the upward one
\n to position for a drop into new lows. The red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we conclude the week with the US NFP report.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Silver has been consolidating near recent lows after Fed\u2019s Williams and Fed\u2019s Jefferson delivered dovish comments, suggesting that there is no urgency to raise interest rates again in October.…<\/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-439283","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439283","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=439283"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439283\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}