Silver prices traded in the mid-to-high $60s per ounce during the week of September 21, 2026, consolidating near $66 before retreating toward $63.60 amid a firmer U.S. dollar and shifting rate expectations. Minneapolis Fed President Neel Kashkari’s comments highlighting broad-based inflation pressures reinforced trader bets on a potential October rate hike, lifting Treasury yields and capping precious metals. A stronger dollar index weighed on XAG/USD while oil prices eased on hopes of U.S.-Iran diplomacy ahead of the Trump-Xi summit. Persistent structural supply deficits and industrial demand from solar, EVs, and electronics provided underlying support, though softer solar fabrication forecasts introduced downside risks. The week’s price action reflected the tug-of-war between monetary policy tightening signals and longer-term physical market tightness.