Silver Price Forecast: XAG skyrockets above $60, tests 50-...

Silver Price Forecast: XAG skyrockets above $60, tests 50-day SMA

Published Aug 05, 2026 2:59 PM Last refreshed Aug 05, 2026 5:02 PM Source: EODHD Event Time: Aug 05, 2026 2:59 PM

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Silver Price Forecast: XAG skyrockets above $60, tests 50-day SMA

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-xag-usd-skyrockets-above-60-tests-50-day-sma-202608051859
Published: Aug 05, 2026 2:59 PM

Silver (XAG/USD) price surges more than 4% on Wednesday as the Greenback remains on the back foot due to softer-than-expected jobs and data, though the fall was capped as business activity in the services sector continued to expand.

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.