Silver Price Forecast: XAG/USD hits one-month high, eyes $...

Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout

Published Aug 05, 2026 3:29 AM Last refreshed Aug 05, 2026 5:01 AM Source: EODHD Event Time: Aug 05, 2026 3:29 AM

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Silver Price Forecast: XAG/USD hits one-month high, eyes $62.00 after technical breakout

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecast-xag-usd-hits-one-month-high-eyes-6200-after-technical-breakout-202608050729
Published: Aug 05, 2026 3:29 AM

Silver (XAG/USD) builds on the previous day's modest gains and attracts strong follow-through buying for the second straight day on Wednesday. The positive momentum lifts the white metal to the $62.00 neighborhood – the highest level since July 7 – during the early European session.

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.