Silver Price Forecasts: XAG/USD bulls are eroding resistance at the $63.30 area

Published Aug 07, 2026 3:49 AM Last refreshed Aug 07, 2026 5:01 AM Source: EODHD Event Time: Aug 07, 2026 3:49 AM

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This market news item includes source data powered by EODHD.

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Silver Price Forecasts: XAG/USD bulls are eroding resistance at the $63.30 area

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecasts-xag-usd-bulls-are-eroding-resistance-at-the-6330-area-202608070749
Published: Aug 07, 2026 3:49 AM

Silver (XAG/USD) resumes its near-term bullish trend on Friday, after a brief hesitation on Thursday, reaching fresh six-week highs at $63.90, although it is still due to confirm the break of the resistance area at $63.30.

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.

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