CCY:XAGUSD

Xag/usd Currency Pair News

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At Close: Jun 03, 2026
The silver market slowed down a bit in the early hours of Monday trading, as traders have chosen to digest some of the gains that the silver market has recently offered.
Silver (XAG/USD)  has decisively broken out of the descending channel it was in during the second half of May and June. This is a bullish sign and suggests the pair is now in a short-term uptrend.
Silver speculators may target $32.52, if economic data shows softening labor market and easing inflation, prompting Fed to signal September rate cut.
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $30.92 per troy ounce, down 0.98% from the $31.22 it cost on Friday.
Silver Price Forecast: XAG/USD tumbles below $31.00 as US Dollar rebounds
Silver (XAG) is trading around $30.89, facing downward pressure as traders await crucial CPI data and Fed Chair Powell's testimony.
The Commitment of Traders report (COT) has been delayed due to the public holiday in the US last week. Even so, we know that large speculators and managed funds remain net-long against gold, silver, a
Market participants will closely watch next week's inflation data for further clues on the Fed's monetary policy direction.
Silver soared above the June 20 high of $30.78 on Friday and extended its gains past the $31.00 figure following a weak US jobs report that lifted expectations about a possible Fed interest rate cut.
Precious metals traders bet on a less hawkish Fed after the release of Non Farm Payrolls and Unemployment Rate reports.
The silver market has had a strong week again, as the market continues to find a lot of buyers on each dip. At this point, it looks like we are going to try to reach the $32 level above.
Silver price (XAG/USD) posts a fresh three-week high near $31.00 in Friday's American session. The white metal strengthens as US bond yields weaken after the United States (US) Nonfarm Payrolls (NFP)
Silver continues to be strong, and it now looks as if we are getting close to another breakout to the upside. The jobs number has shown itself to be stronger than expected, but only slightly.
Silver is ready to test the strong resistance at $30.90 – $31.20.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $30.59 per troy ounce, up 0.60% from the $30.41 it cost on Thursday.
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