Silver Price Forecast: Easing inflation pressure from cheaper oil lifts XAG/USD to near $53.00 - www.tmgm.com

AI desk brief

Silver traded near $53.00 per troy ounce during Monday’s Asian session, recovering after two declining sessions; the report attributes the rebound to cheaper oil easing inflation pressure. Oil fell after Trump described further Iran strikes as unlikely, conditional on nuclear progress and an open Strait of Hormuz. Potential policy tightening remains a counterweight: the report cites CME FedWatch odds above 78% for a December 25-basis-point hike and October payroll growth of 165,000 versus 65,000 expected. However, its conflicting descriptions of dollar direction and Fed repricing leave the immediate macro signal unclear ahead of Tuesday’s CPI and Friday’s PPI.