Silver bias flipped 8 times to weak bearish on October 5, 2026
Silver is trading near $61.00 as odds of further Fed rate hikes have declined, while gold, silver and the dollar rose together in what was described as a rare co-move. Focus is also on the longer-term supply outlook after Deutsche flagged a potential shift from shortage to surplus in 2027, alongside an unwind in the gold trade affecting large mining stocks and renewed attention on European debt concerns.
Updated
The reading that day
Weak bearishAt the close of the UTC day.
BearishNeutralBullish
It changed 8 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 01:00Bearish
- 03:16Bullish
- 06:42Neutral
- 07:17Bullish
- 12:42Neutral
- 16:12Bearish
- 19:26Weak bullish
- 20:36Weak bearish
Headlines (9)
First seen on October 5
- Deutsche Bank's Ghali says gold oversold and underowned, urges buying in interviewInvestingLive
- Silver Price Forecast: XAG/USD gains near $61.00 as Fed rate hike odds declineFXStreet
- Silver Cycle and Square of 9 Align Near $65.77–$66.37Investing.com
- Stock Futures Drift As Attention Turns To European Debt CrisisZeroHedge
- Gold and Silver Are Rising Today. So Is the Dollar. That’s Rare.GoldSilver
- Who’s Actually Right About Gold Right Now? Five Signals, Five AnswersGoldSilver
- Silver shortage could flip to surplus in 2027: Deutschenorthernminer.com
- Gold’s Share of Central Bank Reserves Nearly Doubled. A Top Banker Just Explained Why.GoldSilver
Carried over from earlier days
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Tuesday, October 6 | ||
| ADP Weekly Employment Change | USD | |
| Trade Balance | -100.8B | USD |
| RCM/TIPP Economic Optimism | 44.5 | USD |
| FOMC Member Bowman Speaks | USD | |
| FOMC Member Schmid Speaks | USD | |
| API Weekly Statistical Bulletin | USD | |