{
  "id": 4599839,
  "title": "Silver Price Forecast: XAG/USD regains ground near $65.70, focus shifts to US NFP",
  "url": "https://urgent.news/2026/08/31/silver-price-forecast-xag-usd-regains-ground-near-65-70-focus-shifts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T07:58:16.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/silver-price-forecast-xag-usd-regains-ground-near-6570-focus-shifts-to-us-nfp-202608310758"
  },
  "original_language": "en",
  "account": "During the European trading session on Monday, the price of silver (XAG/USD) experienced a 1% increase, reaching near $67.00. This rebound occurred after a weak opening at $65.67, as investors turned their attention to the upcoming US Nonfarm Payrolls (NFP) data for August, which will be released on Friday. The current focus is on these employment figures, as the previous July report indicated a decline in job creation, leading to a sharp decrease in expectations for hawkish Federal Reserve (Fed) actions. The silver price started lower on Friday, continuing a significant sell-off prompted by the Fed's ongoing warnings about inflation risks. Fed Chair Kevin Warsh highlighted the need to bring inflation down to a 2% target during his speech at the Jackson Hole Symposium, signaling a shift in the Fed's communication strategy. Rabobank analysts noted that Warsh's comments marked a departure from previous messaging, expressing disappointment with recent inflation developments and openness to further rate hikes if inflation doesn't improve. Rising tensions between the US and Iran also negatively impacted silver prices in the opening session. The US and Iran exchanged strikes for the first time in over a month, with Iran launching a missile-and-drone attack on US air bases in Jordan in response to an American airstrike on Iranian rocket launchers. This geopolitical situation adds uncertainty to the inflation and policy outlook. In the daily chart, XAG/USD is trading at $66.93, above the 20-day Exponential Moving Average ($65.65), indicating a positive short-term outlook. The Relative Strength Index (RSI) stands at 56, suggesting moderate positive momentum without being overbought. Immediate support is observed at the $66.93 level, followed by the 20-day EMA at $65.65, reinforcing a bullish trend as long as prices remain above this moving average floor. Silver is a valuable metal with various uses, including as a store of value and diversification in investment portfolios. Its price is influenced by factors such as geopolitical events, interest rates, the US dollar, industrial demand, and economic activities in key markets like the US, China, and India.",
  "summary": "Silver price (XAG/USD) is up 1% to near $67.00 during the European trading session on Monday. The white metal bounces back after a weak opening near $65.67, with investors shifting their focus to the United States (US) Nonfarm Payrolls (NFP) data for August on Friday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "AUD/JPY Price Forecast: Declines to near 114.50, but maintains bullish tone above 100-day SMA",
        "url": "https://urgent.news/2026/08/31/aud-jpy-price-forecast-declines-to-near-114-50-but-maintains-bullish",
        "published": "2026-08-31T04:29:50.000Z"
      }
    ]
  },
  "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."
}