{
  "id": 2328570,
  "title": "Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness",
  "url": "https://urgent.news/2026/08/21/silver-price-forecasts-xag-usd-hits-highs-past-69-00-amid-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T07:13:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecasts-xag-usd-hits-highs-past-6900-amid-us-dollar-weakness-202608210713"
  },
  "original_language": "en",
  "account": "Silver (XAG/USD) surges to a two-month high above $69.00 on Friday, driven by a weakening US Dollar. The precious metal is projected to rally 6.6% weekly, as investors flee the Dollar following the US Treasury's plan to increase buybacks of long-term securities. Commerzbank analysts highlight that the Treasury prefers a weak USD to higher interest rates. XAG/USD maintains a bullish structure, with momentum indicators signaling strong but maturing bullish momentum. Bulls may face resistance at the $70.00 level, with key resistance at $71.56 and the 200-day SMA at $72.05. Support could be found around $67.20 and $61.00. Silver is a traded commodity used as a store of value and hedge during high inflation periods. Its price is influenced by factors such as geopolitical events, interest rates, and industrial demand. The Gold/Silver ratio may also impact prices, with a high ratio potentially indicating Silver's undervaluation.",
  "summary": "Silver (XAG/USD) rallies for the third consecutive day on Friday, hitting fresh two-month highs above $69.00 in the early European session.",
  "key_points": [
    "Silver price reaches $69.00 amid US Dollar weakness",
    "Commerzbank predicts 6.6% weekly rally for XAG/USD",
    "Resistance at $70.00, key resistance at $71.56"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "AUD/USD Price Forecast: Hits fresh high since June as bulls eye gains beyond 0.7150",
        "url": "https://urgent.news/2026/08/21/aud-usd-price-forecast-hits-fresh-high-since-june-as-bulls-eye-gains",
        "published": "2026-08-21T07:17:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}