Silver Price Forecast: XAG/USD jumps to near $61.80 as hawkish Fed bets recede

Silver Price Forecast: XAG/USD jumps to near $61.80 as hawkish Fed bets recede

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-xag-usd-jumps-to-near-6180-as-hawkish-fed-bets-recede-202610051058
Published: Oct 05, 2026 6:58 AM

Silver price (XAG/USD) is up 2.3% to near $61.80 during the European trading session on Monday. The white metal starts the week on a strong note as traders have scaled back Federal Reserve’s (Fed) interest rate expectations after soft United States (US) official labor market data for September.

Market context: This update is relevant to silver traders, with XAGUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.