Overview Silver (XAG) prices, having taken a hit and plummeted to a one-month low due to unsteady Chinese trade data and a strong dollar appeal on Tuesday, are now experiencing a slight uptick. Secondly, many are hedging and adjusting their positions in anticipation of Thursday’s U.S. Consumer Price Index (CPI) report, which will provide insights into the inflation scenario. This is further compounded by Moody’s recent decision to downgrade the credit ratings of several U.S. banks, impacting the dollar index and longer-dated U.S. Treasury yields.