{
  "id": 2414098,
  "title": "Silver Price Forecast: XAG bulls test $70 as rally extends",
  "url": "https://urgent.news/2026/08/21/silver-price-forecast-xag-bulls-test-70-as-rally-extends",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T18:05:45.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-bulls-test-70-as-rally-extends-202608211805"
  },
  "original_language": "en",
  "account": "Silver prices have been on an upward trend for the past three days, with gains exceeding 2% and a weekly increase of 7.40%. Despite a strong US Dollar, precious metals buyers are attracted to silver as a flight-to-quality option due to challenging US fiscal conditions. XAG/USD is currently trading at $69.50, having reached a high of $70.02. Technical analysis suggests that the uptrend remains intact, with traders watching for a breakout above $70.00. Once achieved, the focus will shift to the 200-day Simple Moving Average (SMA) at $72.05, which, if breached, could expose the psychologically significant $75.00 level. Momentum remains positive, as indicated by the Relative Strength Index (RSI) staying above 50 and nearing overbought levels. The first support for XAG/USD is the 100-day SMA at $68.47, followed by the August 20 low of $65.64, the August 19 swing low of $62.19, and the 50-day SMA at $61.35. Silver is a widely traded precious metal used as a store of value and a hedge during high-inflation periods. It can be bought physically or traded through Exchange Traded Funds. Silver prices are influenced by various factors, including geopolitical instability, economic conditions, and industrial demand. The Gold/Silver ratio can also provide insights into the relative valuation of the two metals.",
  "summary": "Silver prices rally for the third straight day, up more than 2% and, for the week, gains over 7.40%, as a firm US Dollar is not an excuse for precious metals buyers, who are choosing flight-to-quality over haven demand due to the difficult US fiscal stance.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "AUD/USD Price Forecast: Bulls eye 0.7200 as RSI nears overbought territory",
        "url": "https://urgent.news/2026/08/21/aud-usd-price-forecast-bulls-eye-0-7200-as-rsi-nears-overbought",
        "published": "2026-08-21T15:26:03.000Z"
      }
    ]
  },
  "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."
}