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Fed rate-hike bets above 70% have pushed silver and the Dow Jones toward key technical support levels. Silver's daily RSI is testing oversold conditions last seen in 2023, and the Dow is pulling back toward Fibonacci retracement levels.
Rising December hike expectations, elevated crude and political uncertainty ahead of the US midterms are weighing on precious metals.
Higher-for-longer rate expectations strengthen the dollar and raise the cost of holding non-yielding assets, which can weigh on broad commodity sentiment. For feed buyers, the direct price link is weak, but tighter financial conditions can pressure risk assets and commodity funds.
forex.comRazan Hilal, CMTNov 2, 2026After 4,478 past macro events, DXY moved a median +0.0% over 5 sessions (51% higher; middle half -0.4% to +0.5%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
