United States Baker Hughes US Oil Rig Count dipped from previous 452 to 447

Aug 28, 2026

Silver Price Forecast: False breakout and hawkish Fed sinks XAG

Silver price makes a U-turn after reaching a two-month high of $71.12, then dives below the $69.00 figure as Fed Chair Kevin Warsh leaned hawkish in his Jackson Hole speech, pushing US Treasury yields higher. Consequently, the white metal edged lower, as XAG/USD trades at $66.76, down 3.60%.

Fed’s Goolsbee says inflation Is the main issue right now

The Chicago Fed President Austan Goolsbee commented on a CNBC interview at the Jackson Hole Symposium that he agreed with Fed Chair Kevin Warsh about the details of the economy, adding that “inflation is the Fed’s main issue right now.”