Silver traded sideways near $68.50 as investors awaited a scheduled speech by Federal Reserve Governor Christopher Warsh for signals on interest rates and inflation. The CME FedWatch tool showed a 62% probability of a 25-basis-point rate cut at the next meeting, although that expectation could change after the remarks. Silver faced pressure from a US Dollar Index near 104.50 and a 10-year Treasury yield of 4.35%, but geopolitical tensions, central-bank buying and projected 4% growth in global industrial demand this year, particularly from solar energy, offered support. Technically, $67.80 and $69.20 are the key near-term support and resistance levels, with a break above resistance potentially opening a move toward $70.00 and a decline below support exposing $66.50. The new market update identifies the speaker as Federal Reserve Governor Christopher Warsh, while the existing topic identifies Federal Reserve Chair Kevin Warsh and discusses an August 27 Jackson Hole speech; those references are retained as a discrepancy. The existing record says Warsh took office on May 22, 2026, after being nominated by President Trump, and that Morgan Stanley’s Kelley Gerrity expects broad discussion of financial innovation rather than detailed rate guidance or discussion of Treasury buybacks.