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fxAug 7, 2026, 7:49 AM

Silver Bulls Push Toward Breakout Above $63.30

Silver (XAG/USD) climbed to fresh six-week highs near $63.90 on Friday, but has yet to confirm a break of the $63.30 resistance area.

XAGUSD

Silver resumed its near-term bullish trend on Friday after pausing briefly in the prior session. The metal posted fresh six-week highs around $63.90, showing renewed buying momentum.

The $63.30 resistance zone is being eroded, though a sustained break has not been confirmed. A decisive hold above this level could signal further upside potential.

Traders will be watching for a daily close above the $63.30 area to validate the breakout.

Source: FXStreet Forex News