Silver Price Forecast: XAG/USD clears 50-day SMA, eyes $65

Silver Price Forecast: XAG/USD clears 50-day SMA, eyes $65

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-xag-usd-clears-50-day-sma-eyes-65-202608071904
Published: Aug 07, 2026 3:04 PM

Silver price surges nearly 3% as it clears the 50-day Simple Moving Average (SMA) at $62.13, and reclaims the $63.00 figure as it struggles to surpass key resistance seen at $63.28, the July 6 high.

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.