Silver Price Forecast: XAG pullback puts $63.50 in focus

Silver Price Forecast: XAG pullback puts $63.50 in focus

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-xag-pullback-puts-6350-in-focus-202608111755
Published: Aug 11, 2026 1:55 PM

Silver price reverses its course, drops some 2.70% on Tuesday, even though US Treasury yields and the Greenback remained steady, amid news that if the US does not comply with Iran’s demands, the Strait of Hormuz would remain closed. The XAG/USD trades at $64.77, after hitting a daily high of $66.49.

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.