{
  "id": 27046,
  "title": "Silver Price Forecast: XAG/USD consolidates above $55 as downside momentum eases",
  "url": "https://urgent.news/2026/07/31/silver-price-forecast-xag-usd-consolidates-above-55-as-downside",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T17:40:43.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-consolidates-above-55-as-downside-momentum-eases-202607311740"
  },
  "original_language": "en",
  "account": "Silver prices (XAG/USD) are currently consolidating above $55, as the downside momentum eases. On Friday, XAG/USD traded around $57.50, marking a 2% decline for the day and a potential end to July in negative territory. The US Dollar, which supports Silver, remains pressured following suspected Japanese intervention to bolster the Yen. The US Dollar Index sits near six-week lows at 100, while US Treasury yields rise with high energy prices, signaling potential for sustained tight monetary policy or rate hikes later this year. Despite these macroeconomic concerns, technical indicators suggest a brief stabilization for Silver within its bearish pattern. On the daily chart, XAG/USD is holding above the $55 support level, although it trades below key moving averages, including the 21-day, 50-day, and 100-day Simple Moving Averages. The Relative Strength Index (RSI) is at 44, indicating muted buying pressure, while a positive Moving Average Convergence Divergence (MACD) indicates easing downside momentum. If XAG/USD closes above the 21-day SMA near $58.50, a recovery could be supported toward the 50-day SMA at $63 and then the 100-day SMA near $70. Conversely, support is at the $55 horizontal level, with a deeper floor near $45 if selling resumes. Silver, a precious metal often used as a store of value and hedge against inflation, is influenced by factors such as geopolitical events, interest rates, and industrial demand.",
  "summary": "Silver (XAG/USD) trades on the back foot on Friday as rising US Treasury yields outweigh support from a weaker US Dollar (USD). At the time of writing, XAG/USD trades around $57.50, down 2% on the day and on track to close July in negative territory.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/CHF Price Forecast: Bulls defend 50-day SMA as rebound builds",
        "url": "https://urgent.news/2026/07/31/usd-chf-price-forecast-bulls-defend-50-day-sma-as-rebound-builds",
        "published": "2026-07-31T19:49:05.000Z"
      }
    ]
  },
  "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."
}