{"id":567744,"date":"2026-07-30T23:48:13","date_gmt":"2026-07-30T23:48:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/567744\/"},"modified":"2026-07-30T23:48:13","modified_gmt":"2026-07-30T23:48:13","slug":"silver-rises-as-softer-us-inflation-weighs-on-us-dollar","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/567744\/","title":{"rendered":"Silver rises as softer US inflation weighs on US Dollar"},"content":{"rendered":"<p><a href=\"https:\/\/www.fxstreet.com\/rates-charts\/xagusd\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Silver<\/a> prices advance toward $58.80 per ounce on Thursday, gaining around 1.7% as softer United States inflation data and weaker-than-expected economic growth place pressure on the US Dollar.<\/p>\n<p>The US Core Personal Consumption Expenditures Price Index rose 0.1% MoM in June, below the 0.2% market forecast and slowing from the previous 0.3% increase. On an annual basis, underlying inflation eased to 3.3% from 3.4%.<\/p>\n<p>Headline PCE declined 0.1% on the month, following a 0.5% increase previously, while the annual rate slowed to 3.7% from 4.1%. The softer inflation readings reinforced expectations that the Federal Reserve (Fed) could adopt a less restrictive monetary policy stance if price pressure continues to moderate.<\/p>\n<p>US economic growth also disappointed. Gross Domestic Product (GDP) expanded at an annualized rate of 1.5% in the second quarter, below expectations of 2.1%. However, the <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">GDP<\/a> Price Index surged 6.3%, well above the 3.6% forecast, indicating that some inflationary pressure remains elevated.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/07\/chart-analysis-1785433014115.png\" alt=\"Chart Analysis XAG\/USD\" width=\"800\" height=\"600\" class=\"\" loading=\"lazy\"\/>Short-term technical analysis:<\/p>\n<p>On the 4-hour chart, XAG\/USD trades at $58.76, holding a modest bullish bias as it stays above both the 100-period Simple Moving Average (SMA) at $58.10 and the 20-period SMA at $57.76. The pair has also reclaimed nearby horizontal support at $58.66, while the Relative Strength Index (RSI) around 57 hints at improving but not overstretched bullish momentum.<\/p>\n<p>On the downside, initial support is seen at $58.66, followed by $58.53, before the 100-period SMA at $58.10 and the 20-period SMA at $57.76 underpin the broader structure. On the topside, immediate resistance aligns at $58.94, with a subsequent barrier at $59.26; a sustained break above these caps would open the way for a deeper extension of the current recovery phase.<\/p>\n<p>(The technical analysis of this story was written with the help of an AI tool. <a href=\"https:\/\/www.fxstreet.com\/info\/how-fxstreet-uses-ai?utm_medium=internal&amp;utm_source=ai-disclaimer\" rel=\"nofollow noopener\" target=\"_blank\">Know more.<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"Silver prices advance toward $58.80 per ounce on Thursday, gaining around 1.7% as softer United States inflation data&hellip;\n","protected":false},"author":2,"featured_media":276865,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-567744","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/567744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=567744"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/567744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/276865"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=567744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=567744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=567744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}