XAG/USD dips 0.8% to $64.00 as traders pause after a strong rally, despite reduced expectations for a near-term Fed rate increase.
Silver prices retreated modestly on Thursday, trading near $64.00 after a 0.8% decline, as buyers stepped back following a recent rally. The metal remained above its 50-day Simple Moving Average at $61.42, supported by easing Fed rate hike expectations after July’s inflation data.