Silver Slips Below $65 as Cooling US Inflation Provides Price Floor

Key Facts

Amid shifting sentiment regarding the pace of monetary tightening, silver prices have slipped below the $65 per ounce threshold. According to reports, this retreat marks a period of consolidation as the market digests recent gains. The move below this psychological level suggests a temporary shift in momentum despite the broader bullish trend observed in recent weeks.

The downside for silver remains limited as cooling US inflation data provides a crucial floor for the metal, preventing a deeper sell-off. This macro catalyst is offsetting technical pressure after silver previously cleared resistance between $59 and $62. This fundamental support highlights the metal's role as a hedge when inflationary pressures show signs of abating.

Traders should watch for price stability near current levels, noting silver was at $65.40 (close August 10, 2026) prior to the latest slip. With the economic calendar showing a previous decline of -23k in Nonfarm Payrolls on August 7, the focus remains on how cooling inflation will influence the Federal Reserve's next steps and silver's ability to reclaim the $65 handle.