Silver Price Forecasts: XAG/USD hesitates at $62.00 after...

Silver Price Forecasts: XAG/USD hesitates at $62.00 after a two-day rally

Published Aug 06, 2026 3:09 AM Last refreshed Aug 06, 2026 4:02 AM Source: EODHD Event Time: Aug 06, 2026 3:09 AM

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Silver Price Forecasts: XAG/USD hesitates at $62.00 after a two-day rally

Source: EODHD - https://www.fxstreet.com/news/silver-price-forecasts-xag-usd-hesitates-at-6200-after-a-two-day-rally-202608060709
Published: Aug 06, 2026 3:09 AM

Silver (XAG/USD) consolidates gains in the $61.70 area after being rejected ahead of $63.00. The pair is trimming gains on Thursday, after following a nearly 7% rally over the last two days, but downside attempts remain limited so far, as lower Oil prices and a weak US Dollar keep providing support.

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.