Silver Price Forecast: XAG turns bullish, eyes 200-day SMA

Silver Price Forecast: XAG turns bullish, eyes 200-day SMA

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-xag-bullish-with-eyes-on-200-day-sma-202608121915
Published: Aug 12, 2026 3:15 PM

Silver (XAG/USD) price surges over 1.40% on Wednesday as the latest inflation report in the United States (US) showed that prices are cooling, on its way towards the Federal Reserve’s (Fed) goal of 2%. At the time of writing, the XAG/USD pair trades at $65.53 after reaching a daily high of $66.80.

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.