{
  "id": 3997391,
  "title": "Silver Price Forecast: False breakout and hawkish Fed sink XAG",
  "url": "https://urgent.news/2026/08/28/silver-price-forecast-false-breakout-and-hawkish-fed-sink-xag",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T16:30:23.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-false-breakout-and-hawkish-fed-sinks-xag-202608281630"
  },
  "original_language": "en",
  "account": "Silver (XAG/USD) price experienced a reversal following its two-month peak of $71.12 on Friday, subsequently falling beneath $69.00 due to hawkish remarks from Federal Reserve Chair Kevin Warsh during the Jackson Hole speech, which caused US Treasury yields to rise. Consequently, the price of XAG/USD dropped to $66.76, a 3.60% decrease, at the time of reporting. This false breakout above $70.00 may signify a more significant decline, despite the short-term upward bias in the metal. While momentum, as shown by the Relative Strength Index (RSI), suggests continued upward momentum, recent dips in the RSI indicate that bulls may not be in a secure position. To resume an upward trend, Silver needs to surpass $70.00; a breach will expose the high of the day at $71.12 and the $72.00 target. The next resistance level is the 200-day Simple Moving Average (SMA) at $72.48, with $65.00 and the 50-day SMA at $61.44 marking the next potential support levels. Historically used as a store of value and medium of exchange, Silver is traded extensively by investors. It can be purchased as physical metal or through investment vehicles such as Exchange Traded Funds that track its price. Factors influencing Silver's price include geopolitical stability, economic concerns, the US Dollar's performance, investment demand, mining supply, and recycling rates. Silver finds industrial applications, notably in electronics and solar energy due to its exceptional electric conductivity. The Gold/Silver ratio, indicating the ounces of Silver required to equal one ounce of Gold, can help determine the relative valuation of the two metals. Some investors may view a high ratio as an indication of Silver's undervaluation or Gold's overvaluation.",
  "summary": "Silver (XAG/USD) price made a U-turn after reaching a two-month high of $71.12 on Friday, then dove below the $69.00 figure as Federal Reserve (Fed) Chair Kevin Warsh leaned hawkish in his Jackson Hole speech, pushing US Treasury yields higher.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}