Silver Price Forecast: XAG/USD holds above $69.00 as traders assess Fed stance
Silver Price Forecast: Buyers struggle below the 100-day SMA
Silver price tests $70 resistance ahead of Jackson Hole. A breakout could revive the uptrend, while rejection may expose the 200-day EMA near $65.
Silver price outlook turns bearish after PCE fails to break the range, leaving inflation risks and Jackson Hole ahead.
Silver price today: Silver falls, according to FXStreet data
Silver Price Forecast: XAG/USD bulls await break above $70.00 amid mixed setup
Silver Price Forecast: XAG/USD rises to near $69.00 ahead of US PCE inflation data
TL;DR: Gold and Silver are pausing after a sharp rally, with Wednesday's US data testing the yield channel and Friday's Warsh Jackson Hole speech testing the deeper fiscal-credibility thesis behind the rally itself.
The short‑term Elliott Wave view in Silver (XAGUSD) indicates that the cycle from the July 17, 2026 low continues to unfold as a clear impulsive structure. From that low, wave (1) advanced to $60.929 before a measured pullback in wave (2) reached $56.539.
Gold and silver remain firm ahead of the July PCE report, with gold targeting $4,800 and silver approaching the key $72 resistance.
Silver Price Forecast: XAG/USD holds firmly above $69 ahead of US PCE Inflation data
Silver Elliott Wave perspective: Upside momentum builds in wave five [Video]