Silver Price Forecast: False breakout and hawkish Fed sinks XAG

Silver Price Forecast: False breakout and hawkish Fed sinks XAG

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-false-breakout-and-hawkish-fed-sinks-xag-202608281630
Published: Aug 28, 2026 12:30 PM

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%.

Market context: This update is relevant to silver traders, with XAGUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.