{
  "id": 249650,
  "title": "Silver Price Forecast: XAG/USD rises to near $62.20 in countdown to US NFP data",
  "url": "https://urgent.news/2026/08/07/silver-price-forecast-xag-usd-rises-to-near-62-20-in-countdown-to-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T03:25:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-rises-to-near-6220-in-countdown-to-us-nfp-data-202608070325"
  },
  "original_language": "en",
  "account": "Silver price (XAG/USD) surged to approximately $62.20 during the Asian trading session on Friday, just ahead of the United States Nonfarm Payrolls (NFP) data release for July. TD Securities anticipates a slight improvement in the July jobs report after June's surprise decline, projecting a modest 70,000 jobs added. The jobless rate is expected to remain relatively stable at 4.2% after June's decrease. The employment data is anticipated to have a substantial impact on the Federal Reserve's (Fed) interest rate expectations, as central bank guidance is currently absent. On the global front, a resurgence in oil prices due to reduced expectations of an immediate Strait of Hormuz reopening could cap Silver's upside. Meanwhile, the WTI Oil price stabilizes near $77.00, suggesting higher inflation expectations and potential interest rate hikes, which are unfavorable for non-yielding assets like Silver. XAG/USD is currently trading just above the 20-period exponential moving average (EMA) at $59.66, indicating a constructive near-term bias. The Relative Strength Index (14) at 56.27 suggests bullish momentum but not yet excessive. A failure to hold the 20-day EMA at $59.66 could lower Silver to its YTD low of $54.77. Conversely, breaking above the July 6 high of $63.28 could propel prices towards the June 22 high of $67.17. Silver, a precious metal with various industrial applications and a historically safe-haven status, is influenced by numerous factors such as geopolitical events, interest rates, and economic indicators.",
  "summary": "Silver price (XAG/USD) trades 1% higher to near $62.20 during the Asian trading session on Friday. The white metal rises ahead of the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Japanese Yen hangs near weekly low after weak spending data as USD bulls await US NFP",
        "url": "https://urgent.news/2026/08/07/japanese-yen-hangs-near-weekly-low-after-weak-spending-data-as-usd",
        "published": "2026-08-07T01:10:39.000Z"
      }
    ]
  },
  "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."
}