XAG/USD consolidates below $90 after traders reduce bets on imminent Federal Reserve easing this week.
Silver prices stalled near $87 in European trading, retreating from a two-month high as markets scaled back expectations for Federal Reserve rate cuts. XAG/USD failed to sustain momentum above $90.00, reflecting shifting sentiment on U.S. monetary policy.
The metal had rallied sharply since mid-June, driven by dovish Fed signals and weaker USD. However, recent economic data and hawkish commentary from policymakers prompted traders to reassess near-term easing prospects. Prior to the pullback, silver had climbed nearly 15% from its June lows.
No immediate market reaction was reported, with trading described as calm during the session.