Overview Silver (XAG) prices faced downward pressure on Tuesday as the U.S. dollar surged, leaving investors eager for upcoming economic data that could shed light on the duration of interest rate hikes aimed at taming persistent inflation. The dollar’s strength was bolstered by a recent Federal Reserve survey, which revealed that U.S. banks tightened credit standards and observed weaker loan demand from both businesses and consumers in the second quarter. However, the recent rally is encountering technical resistance, and comments from Jerome Powell serve as a reminder that market reactions to soft U.S. data should be approached with caution.